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The total population of Torch Lake township is estimated to be 1,757 with 926 males (52.70%) and 831 females (47.30%). There are 95 less females than males in Torch Lake township.
The median household income in Torch Lake township was $58,211 in 2021, which marked an a decrease of 4,555(7.26%) from $62,766 in 2020. This income is 78.02% 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, Torch Lake township sees its highest median household income among householders in the age group of 45 to 64 years old, at $96,742. Overall, the median household income for the township of Torch Lake township stands at $58,211.
In Torch Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $38,355 for males and $20,910 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $56,898 for males and $47,869 for females.
In Torch Lake township, population is primarily represented by White households, reporting a median income of $57,874.
In 2022, the population of Torch Lake township was 1,904, a 0.05% increase year-by-year from 2021. Previously, in 2021, Torch Lake township's population was 1,903, an increase of 0.58% compared to a population of 1,892 in 2020.
The median age in Torch Lake township, Houghton County, Michigan is 53.9, as per 2021 ACS 5-Year Estimates. Of the total population, 13.48% were under the age of 15, 13.71% aged 15 to 29, 42.89% aged 30 to 64, 26.96% aged 65 to 84, and 2.97% were 85 years of age and older.
Racial distribution of Torch Lake township population: 97.89% are White, 0.29% are Black or African American, 1.26% are Asian and 0.57% are some other race.