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The total population of Fayal township is estimated to be 2,197 with 1,088 males (49.52%) and 1,109 females (50.48%). There are 21 more females than males in Fayal township.
The median household income in Fayal township was $91,540 in 2021, which marked an a decrease of 3,833(4.02%) from $95,373 in 2020. This income is 122.70% 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, Fayal township sees its highest median household income among householders in the age group of 45 to 64 years old, at $116,718. Overall, the median household income for the township of Fayal township stands at $91,540.
In Fayal township, the median income for all workers aged 15 years and older, regardless of work hours, was $59,217 for males and $36,481 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $71,827 for males and $50,749 for females.
In Fayal township, population is primarily represented by White households, reporting a median income of $91,540.
In 2022, the population of Fayal township was 1,802, a 0.17% increase year-by-year from 2021. Previously, in 2021, Fayal township's population was 1,799, a decline of 0.61% compared to a population of 1,810 in 2020.
The median age in Fayal Township, Minnesota is 45.1, as per 2021 ACS 5-Year Estimates. Of the total population, 18.08% were under the age of 15, 17.09% aged 15 to 29, 46.20% aged 30 to 64, 16.67% aged 65 to 84, and 1.97% were 85 years of age and older.
Racial distribution of Fayal township population: 98.97% are White, 0.38% are Black or African American and 0.66% are multiracial.