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The total population of Algonac is estimated to be 4,167 with 1,963 males (47.11%) and 2,204 females (52.89%). There are 241 more females than males in Algonac.
The median household income in Algonac was $53,295 in 2021, which marked an a decrease of 2,144(3.87%) from $55,439 in 2020. This income is 71.44% 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, Algonac sees its highest median household income among householders in the age group of 45 to 64 years old, at $60,051. Overall, the median household income for the city of Algonac stands at $53,295.
In Algonac, the median income for all workers aged 15 years and older, regardless of work hours, was $34,187 for males and $20,862 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $52,501 for males and $39,027 for females.
In Algonac, there are just two different racial groups among households. Among these, White households report a median household income of $53,551, while Two or More Races households have a median household income of $42,942.
In 2022, the population of Algonac was 4,150, a 0.67% decrease year-by-year from 2021. Previously, in 2021, Algonac's population was 4,178, a decline of 0.36% compared to a population of 4,193 in 2020.
The median age in Algonac, MI is 41.8, as per 2021 ACS 5-Year Estimates. Of the total population, 19.19% were under the age of 15, 18.57% aged 15 to 29, 42.22% aged 30 to 64, 18.48% aged 65 to 84, and 1.53% were 85 years of age and older.
Racial distribution of Algonac population: 93.91% are White, 0.96% are Black or African American, 0.10% are American Indian and Alaska Native, 0.10% are some other race and 4.94% are multiracial.