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The total population of Elk township is estimated to be 905 with 504 males (55.69%) and 401 females (44.31%). There are 103 less females than males in Elk township.
The median household income in Elk township was $58,958 in 2021, which marked an an increase of 2,200(3.88%) from $56,758 in 2020. This income is 79.03% 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, Elk township sees its highest median household income among householders in the age group of 45 to 64 years old, at $74,313. Overall, the median household income for the township of Elk township stands at $58,958.
In Elk township, the median income for all workers aged 15 years and older, regardless of work hours, was $31,861 for males and $24,797 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $58,952 for males and $55,397 for females.
In Elk township, there are just two different racial groups among households. Among these, Two or More Races households report a median household income of $82,420, while White households have a median household income of $58,222.
In 2022, the population of Elk township was 977, a 2.73% increase year-by-year from 2021. Previously, in 2021, Elk township's population was 951, an increase of 1.39% compared to a population of 938 in 2020.
The median age in Elk township, Lake County, Michigan is 61.7, as per 2021 ACS 5-Year Estimates. Of the total population, 2.87% were under the age of 15, 7.64% aged 15 to 29, 47.03% aged 30 to 64, 40.87% aged 65 to 84, and 1.59% were 85 years of age and older.
Racial distribution of Elk township population: 98.83% are White, 0.42% are American Indian and Alaska Native and 0.74% are multiracial.