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The total population of Silver township is estimated to be 409 with 206 males (50.37%) and 203 females (49.63%). There are 3 less females than males in Silver township.
The median household income in Silver township was $68,638 in 2021, which marked an a decrease of 10,682(13.47%) from $79,320 in 2020. This income is 92% 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, Silver township sees its highest median household income among householders in the age group of 45 to 64 years old, at $84,446. Overall, the median household income for the township of Silver township stands at $68,638.
In Silver township, the median income for all workers aged 15 years and older, regardless of work hours, was $37,832 for males and $31,076 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $65,755 for males and $42,156 for females.
In Silver township, population is primarily represented by White households, reporting a median income of $69,719.
In 2022, the population of Silver township was 448, a 0.45% increase year-by-year from 2021. Previously, in 2021, Silver township's population was 446, an increase of 1.13% compared to a population of 441 in 2020.
The median age in Silver Township, Minnesota is 47.9, as per 2021 ACS 5-Year Estimates. Of the total population, 15.73% were under the age of 15, 14.13% aged 15 to 29, 50.93% aged 30 to 64, 16.80% aged 65 to 84, and 2.40% were 85 years of age and older.
Racial distribution of Silver township population: 93.60% are White, 1.33% are Black or African American, 1.33% are American Indian and Alaska Native, 0.53% are Asian and 3.20% are multiracial.