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The total population of Wealthwood township is estimated to be 289 with 168 males (58.13%) and 121 females (41.87%). There are 47 less females than males in Wealthwood township.
The median household income in Wealthwood township was $54,586 in 2021, which marked an an increase of 3,595(7.05%) from $50,991 in 2020. This income is 73.17% 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, Wealthwood township sees its highest median household income among householders in the age group of 45 to 64 years old, at $56,478. Overall, the median household income for the township of Wealthwood township stands at $54,586.
In Wealthwood township, the median income for all workers aged 15 years and older, regardless of work hours, was $28,262 for males and $30,063 for females. However, when specifically considering full-time, year-round workers within the same age group, the median income was $39,634 for males and $54,496 for females.
In Wealthwood township, population is primarily represented by White households, reporting a median income of $52,694.
In 2022, the population of Wealthwood township was 259, a 1.57% increase year-by-year from 2021. Previously, in 2021, Wealthwood township's population was 255, an increase of 1.59% compared to a population of 251 in 2020.
The median age in Wealthwood Township, Minnesota is 60.0, as per 2021 ACS 5-Year Estimates. Of the total population, 1.94% were under the age of 15, 13.27% aged 15 to 29, 44.98% aged 30 to 64, 34.63% aged 65 to 84, and 5.18% were 85 years of age and older.
Racial distribution of Wealthwood township population: 97.09% are White, 0.32% are American Indian and Alaska Native, 0.97% are some other race and 1.62% are multiracial.