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The total population of Timothy township is estimated to be 177 with 94 males (53.11%) and 83 females (46.89%). There are 11 less females than males in Timothy township.
The median household income in Timothy township was $98,633 in 2021, which marked an a decrease of 8,166(7.65%) from $106,799 in 2020. This income is 132.21% 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, Timothy township sees its highest median household income among householders in the age group of 25 to 44 years old, at $107,821. Overall, the median household income for the township of Timothy township stands at $98,633.
In Timothy township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,062 for males and $36,706 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $53,505 for males and $47,402 for females.
In Timothy township, population is primarily represented by White households, reporting a median income of $100,435.
In 2022, the population of Timothy township was 174, a 1.16% increase year-by-year from 2021. Previously, in 2021, Timothy township's population was 172, an increase of 1.78% compared to a population of 169 in 2020.
The median age in Timothy Township, Minnesota is 46.8, as per 2021 ACS 5-Year Estimates. Of the total population, 16.59% were under the age of 15, 8.29% aged 15 to 29, 55.30% aged 30 to 64, 18.89% aged 65 to 84, and 0.92% were 85 years of age and older.
Racial distribution of Timothy township population: 99.54% are White and 0.46% are multiracial.