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The total population of Wakefield township is estimated to be 2,773 with 1,380 males (49.77%) and 1,393 females (50.23%). There are 13 more females than males in Wakefield township.
The median household income in Wakefield township was $124,004 in 2021, which marked an an increase of 7,227(6.19%) from $116,777 in 2020. This income is 166.21% 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, Wakefield township sees its highest median household income among householders in the age group of 25 to 44 years old, at $168,082. Overall, the median household income for the township of Wakefield township stands at $124,004.
In Wakefield township, the median income for all workers aged 15 years and older, regardless of work hours, was $64,378 for males and $41,318 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $82,420 for males and $55,601 for females.
In Wakefield township, population is primarily represented by White households, reporting a median income of $123,854.
In 2022, the population of Wakefield township was 2,790, a 0.72% increase year-by-year from 2021. Previously, in 2021, Wakefield township's population was 2,770, an increase of 0.65% compared to a population of 2,752 in 2020.
The median age in Wakefield Township, Minnesota is 44.6, as per 2021 ACS 5-Year Estimates. Of the total population, 22.13% were under the age of 15, 12.84% aged 15 to 29, 47.73% aged 30 to 64, 17.30% aged 65 to 84, and 0.00% were 85 years of age and older.
Racial distribution of Wakefield township population: 98.59% are White, 0.11% are some other race and 1.31% are multiracial.