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The total population of Spencer township is estimated to be 4,163 with 2,015 males (48.40%) and 2,148 females (51.60%). There are 133 more females than males in Spencer township.
The median household income in Spencer township was $72,077 in 2021, which marked an an increase of 1,096(1.54%) from $70,981 in 2020. This income is 96.61% 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, Spencer township sees its highest median household income among householders in the age group of under 25 years old, at $104,984. Overall, the median household income for the township of Spencer township stands at $72,077.
In Spencer township, the median income for all workers aged 15 years and older, regardless of work hours, was $39,484 for males and $30,308 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $57,795 for males and $44,778 for females.
In Spencer township, population is primarily represented by White households, reporting a median income of $72,200.
In 2022, the population of Spencer township was 4,178, a 0.55% increase year-by-year from 2021. Previously, in 2021, Spencer township's population was 4,155, a decline of 0.22% compared to a population of 4,164 in 2020.
The median age in Spencer Township, Michigan is 44.2, as per 2021 ACS 5-Year Estimates. Of the total population, 18.97% were under the age of 15, 14.15% aged 15 to 29, 47.84% aged 30 to 64, 17.94% aged 65 to 84, and 1.10% were 85 years of age and older.
Racial distribution of Spencer township population: 98.58% are White, 0.26% are Black or African American, 0.19% are Asian, 0.12% are some other race and 0.84% are multiracial.