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Demographic Analysis of Beloit, Wisconsin: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Beloit, Wisconsin, exhibits a demographic profile categorized as "Moderate Diversity" as of 2022. The city's population is 45,780, with a white majority (63%), Hispanic population (20%), and Black population (11%). The median income in 2022 is $52,933, indicating a moderate economic status.
Over the past decade, Beloit has transitioned from a "Low Diversity" to a "Moderate Diversity" community. In 2013, the white population comprised 69% of the total, decreasing to 63% by 2022. Concurrently, the Hispanic population increased from 16% to 20%, and the Black population from 9% to 11%. These shifts suggest Beloit is becoming a "Transitional Community" with increasing racial diversity.
The demographic changes in Beloit correlate with changes in median income. From 2013 to 2022, the median income increased from $41,722 to $52,933, a 26.9% rise. This economic improvement coincides with increasing diversity, suggesting a possible connection between diverse populations and economic growth. The population has remained relatively stable during this period, indicating that demographic changes are likely due to internal shifts and possibly immigration, rather than significant population growth.
The trends observed in Beloit align with broader national patterns of increasing diversity in many urban and suburban areas. The growth in Hispanic population reflects a nationwide trend of Hispanic population growth in many communities across the United States.
Based on observed trends, Beloit is likely to continue its trajectory towards greater diversity. If current trends persist, the city may transition from "Moderate Diversity" to "High Diversity" in the coming years. The Hispanic population could potentially reach or exceed 25%, while the white population might decrease to below 60%. Economically, if the correlation between increasing diversity and rising median income continues, further economic growth in Beloit could be expected. However, this will depend on various factors, including local economic policies, job market conditions, and broader national economic trends.
Beloit represents a city in demographic and economic transition. Its evolution from a predominantly white community to one of moderate diversity, coupled with significant income growth, indicates a changing urban landscape. As the city continues to diversify, it will be crucial for local policymakers and community leaders to ensure that this transition is managed inclusively, fostering economic opportunities for all residents and maintaining community cohesion amidst demographic changes.
