Clayton has experienced demographic shifts over the past decade. The population has remained relatively stable, fluctuating between 3,165 and 3,524 residents. The median income has shown an overall upward trend, increasing from $61,274 in 2013 to $60,256 in 2022, with a peak of $73,108 in 2021.

The village has maintained a predominantly white population, though there has been a slight decrease from 85% in 2013 to 80% in 2022. The Black population has remained relatively stable, ranging from 6% to 10% over the decade. The Hispanic population has increased slightly from 5% in 2013 to 6% in 2022, and there has been a notable rise in residents identifying as two or more races, from 1% to 5% during the same period.

These demographic trends suggest a slowly diversifying population with a generally increasing median income. The stable population and income growth may indicate a continued need for affordable housing options to ensure housing accessibility for all income levels.

Clayton's LIHTC-funded affordable housing inventory, consisting of 95 units across two projects, provides essential housing options for low-income residents. These units play a crucial role in maintaining housing diversity in the community. The long-standing presence of LIHTC projects demonstrates an ongoing commitment to affordable housing. As the village experiences subtle demographic shifts and income growth, the continued provision and potential expansion of affordable housing options may be important to address the evolving needs of the community.