Over the past decade, Benicia's population has remained relatively stable, with a slight increase from 33,650 in 2013 to 33,863 in 2022. The median income has experienced significant growth, rising from $106,812 in 2013 to $112,718 in 2022, with a peak of $124,004 in 2021. This trend indicates an overall increase in the city's economic prosperity.

Racial demographics have remained relatively consistent, with the white population comprising the majority at approximately 54-59% throughout the decade. The Asian population has slightly increased from 14% to 16%, while the Hispanic population has remained stable at around 13-16%. The Black population has consistently represented about 5-7% of the city's residents.

The stability in population and increase in median income may suggest a reduced need for additional low-income housing in recent years. However, it is important to note that other factors and housing programs not captured in this data could also influence the affordable housing landscape in Benicia.

Benicia's LIHTC funded affordable housing inventory consists of one project, Benicia Point, providing 56 units of affordable housing since 2004. While this represents a small percentage of the city's estimated housing inventory, it is important to consider that other affordable housing programs may supplement this LIHTC project. The city has experienced stable population growth and increasing median incomes over the past decade, which may influence the demand for affordable housing. The racial demographics have remained relatively consistent, with a slight increase in the Asian population. These factors combined provide a snapshot of Benicia's affordable housing situation and its demographic context.