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The total population of Algoma township is estimated to be 12,050 with 6,144 males (50.99%) and 5,906 females (49.01%). There are 238 less females than males in Algoma township.
The median household income in Algoma township was $111,367 in 2021, which marked an an increase of 2,340(2.15%) from $109,027 in 2020. This income is 149.27% 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, Algoma township sees its highest median household income among householders in the age group of 45 to 64 years old, at $154,435. Overall, the median household income for the township of Algoma township stands at $111,367.
In Algoma township, the median income for all workers aged 15 years and older, regardless of work hours, was $61,277 for males and $36,594 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $84,348 for males and $72,464 for females.
In Algoma township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $241,650, while White households have a median household income of $112,312.
In 2022, the population of Algoma township was 12,258, a 0.48% increase year-by-year from 2021. Previously, in 2021, Algoma township's population was 12,200, an increase of 1.04% compared to a population of 12,075 in 2020.
The median age in Algoma Township, Michigan is 38.4, as per 2021 ACS 5-Year Estimates. Of the total population, 22.51% were under the age of 15, 14.72% aged 15 to 29, 47.96% aged 30 to 64, 12.39% aged 65 to 84, and 2.42% were 85 years of age and older.
Racial distribution of Algoma township population: 89.67% are White, 0.21% are Black or African American, 1.38% are Asian, 4.94% are some other race and 3.81% are multiracial.