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The total population of Valley township is estimated to be 1,907 with 967 males (50.71%) and 940 females (49.29%). There are 27 less females than males in Valley township.
The median household income in Valley township was $67,182 in 2021, which marked an an increase of 4,859(7.80%) from $62,323 in 2020. This income is 90.05% 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, Valley township sees its highest median household income among householders in the age group of 45 to 64 years old, at $88,135. Overall, the median household income for the township of Valley township stands at $67,182.
In Valley township, the median income for all workers aged 15 years and older, regardless of work hours, was $40,773 for males and $24,352 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $60,441 for males and $48,491 for females.
In Valley township, population is primarily represented by White households, reporting a median income of $66,956.
In 2022, the population of Valley township was 2,292, a 3.10% increase year-by-year from 2021. Previously, in 2021, Valley township's population was 2,223, an increase of 0.05% compared to a population of 2,222 in 2020.
The median age in Valley Township, Michigan is 46.4, as per 2021 ACS 5-Year Estimates. Of the total population, 17.20% were under the age of 15, 17.76% aged 15 to 29, 47.18% aged 30 to 64, 14.46% aged 65 to 84, and 3.41% were 85 years of age and older.
Racial distribution of Valley township population: 96.87% are White, 0.34% are Black or African American, 0.56% are Asian, 0.22% are some other race and 2.01% are multiracial.