The local economy is based primarily on hunting and related tourism. In the past the logging industry formed the mainstay of the economy. Children from Sultan attend school in Chapleau, 68 kilometres (42mi) away.
In the 2021 Census of Population conducted by Statistics Canada, Sultan had a population of 45 living in 26 of its 53 total private dwellings, a change of -29.7% from its 2016 population of 64. With a land area of 2.76km2 (1.07sqmi), it had a population density of 16.3/km2 (42.2/sqmi) in 2021.[1]