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The total population of Richwood township is estimated to be 887 with 466 males (52.54%) and 421 females (47.46%). There are 45 less females than males in Richwood township.
The median household income in Richwood township was $63,118 in 2021, which marked an a decrease of 2,712(4.12%) from $65,830 in 2020. This income is 84.60% of the U.S. median household income of $74,606 (all incomes in 2022 inflation-adjusted dollars).
Per the latest American Community Survey by the Census Bureau, Richwood township sees its highest median household income among householders in the age group of 45 to 64 years old, at $82,420. Overall, the median household income for the township of Richwood township stands at $63,118.
In Richwood township, the median income for all workers aged 15 years and older, regardless of work hours, was $49,650 for males and $28,018 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $55,172 for males and $55,151 for females.
In Richwood township, there are just three different racial groups among households. Among these, American Indian and Alaska Native households report a median household income of $171,144, followed by White households at $67,171, and Two or More Races households with a median household income of $50,413.
In 2022, the population of Richwood township was 649, a 0.15% increase year-by-year from 2021. Previously, in 2021, Richwood township's population was 648, an increase of 0.47% compared to a population of 645 in 2020.
The median age in Richwood Township, Minnesota is 41.9, as per 2021 ACS 5-Year Estimates. Of the total population, 18.30% were under the age of 15, 17.47% aged 15 to 29, 47.93% aged 30 to 64, 15.70% aged 65 to 84, and 0.59% were 85 years of age and older.
Racial distribution of Richwood township population: 83.23% are White, 4.60% are American Indian and Alaska Native and 12.16% are multiracial.