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Demographics
Population
Median Income
Racial Distributions
Ashland, Ohio, currently presents a demographic profile categorized as "Low Diversity" based on established criteria. As of 2022, the white population constitutes 93% of the total, exceeding the 75% threshold for this classification. The city's current median income is $55,052, with a population of 23,742 as of 2022.
Over the past decade, Ashland has maintained its status as a "Low Diversity" community. The white population has remained the majority, decreasing slightly from 95% in 2013 to 93% in 2022. This minor shift does not indicate a transition to a different diversity category but suggests a gradual increase in diversity.
The most notable changes include an increase in the Hispanic population from 1% to 2%, growth in the "Two or More Races" category from 1% to 3%, and a slight increase in the Black population from 1% to 2%. These changes indicate a slow trend towards increased diversity, potentially setting the stage for a "Transitional Community" in the future if these trends continue or accelerate.
The median income in Ashland has shown an overall upward trend, increasing from $48,739 in 2013 to $55,052 in 2022, representing a 13% growth over the decade. This growth has not been consistent, with a peak of $59,646 in 2021 and a subsequent decrease to $55,052 in 2022. The population has seen a gradual decline from 24,957 in 2013 to 23,742 in 2022, a decrease of about 4.9%.
Based on the observed trends, Ashland is likely to continue its slow diversification process. While it will probably remain in the "Low Diversity" category for the near future, there is potential for it to transition into a "Transitional Community" over the next decade if current trends accelerate.
Economically, the city may continue to see modest income growth, but the recent decline from 2021 to 2022 suggests potential volatility. The ongoing population decrease might eventually impact the local economy more significantly, potentially leading to efforts to attract new residents or businesses to stabilize or reverse this trend.
In conclusion, while Ashland remains a predominantly white, low-diversity community, subtle shifts in demographics and more pronounced changes in economic indicators suggest a community in the early stages of transition. Monitoring these trends in the coming years will be crucial to understanding the evolving nature of this Ohio city.