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The total population of Waterloo township is estimated to be 2,938 with 1,655 males (56.33%) and 1,283 females (43.67%). There are 372 less females than males in Waterloo township.
The median household income in Waterloo township was $66,781 in 2021, which marked an an increase of 4,353(6.97%) from $62,428 in 2020. This income is 89.51% 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, Waterloo township sees its highest median household income among householders in the age group of 45 to 64 years old, at $104,938. Overall, the median household income for the township of Waterloo township stands at $66,781.
In Waterloo township, the median income for all workers aged 15 years and older, regardless of work hours, was $48,758 for males and $29,024 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $61,612 for males and $68,368 for females.
In Waterloo township, there are just two different racial groups among households. Among these, White households report a median household income of $69,488, while Two or More Races households have a median household income of $28,743.
In 2022, the population of Waterloo township was 2,953, a 0.24% increase year-by-year from 2021. Previously, in 2021, Waterloo township's population was 2,946, an increase of 0.72% compared to a population of 2,925 in 2020.
The median age in Waterloo Township, Michigan is 49.3, as per 2021 ACS 5-Year Estimates. Of the total population, 18.45% were under the age of 15, 11.34% aged 15 to 29, 46.22% aged 30 to 64, 22.87% aged 65 to 84, and 1.11% were 85 years of age and older.
Racial distribution of Waterloo township population: 94.87% are White, 0.20% are Black or African American, 0.10% are American Indian and Alaska Native, 1.82% are Asian, 0.71% are some other race and 2.29% are multiracial.