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The total population of Lake township is estimated to be 803 with 378 males (47.07%) and 425 females (52.93%). There are 47 more females than males in Lake township.
The median household income in Lake township was $56,392 in 2021, which marked an a decrease of 1,858(3.19%) from $58,250 in 2020. This income is 75.59% 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, Lake township sees its highest median household income among householders in the age group of 25 to 44 years old, at $77,353. Overall, the median household income for the township of Lake township stands at $56,392.
In Lake township, the median income for all workers aged 15 years and older, regardless of work hours, was $34,319 for males and $20,332 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $42,899 for males and $44,137 for females.
In Lake township, population is primarily represented by White households, reporting a median income of $57,762.
In 2022, the population of Lake township was 849, a 2.91% increase year-by-year from 2021. Previously, in 2021, Lake township's population was 825, an increase of 1.60% compared to a population of 812 in 2020.
The median age in Lake township, Lake County, Michigan is 59.5, as per 2021 ACS 5-Year Estimates. Of the total population, 5.56% were under the age of 15, 9.84% aged 15 to 29, 50.36% aged 30 to 64, 28.67% aged 65 to 84, and 5.56% were 85 years of age and older.
Racial distribution of Lake township population: 91.58% are White, 1.28% are Black or African American, 1.28% are American Indian and Alaska Native, 2.71% are Asian, 0.71% are some other race and 2.43% are multiracial.