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Demographic Analysis of Beverly, Massachusetts: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Beverly, Massachusetts, is classified as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 85% of the total, exceeding the 75% threshold for Low Diversity classification. The city's median income in 2022 is $111,189, indicating an affluent community, despite a slight decrease from the previous year.
Over the past decade, Beverly has maintained its status as a Low Diversity, White Majority community. However, there are indications of increasing diversity. The white population has decreased from 91% in 2013 to 85% in 2022. Hispanic representation has increased from 3% to 6% during this period. The "Two or More Races" category has increased from 1% to 4%. These changes indicate a gradual transition towards increased diversity, although the community remains in the Low Diversity category.
The median income has increased from $98,667 in 2013 to $111,189 in 2022, representing a 12.7% increase. This economic growth correlates with the gradual diversification of the population. The population has grown from 39,903 in 2013 to 42,292 in 2022, a 6% increase. This population growth, combined with rising incomes, suggests a thriving community that is slowly becoming more diverse.
The trends observed in Beverly align with broader national patterns of increasing diversity in suburban areas. The city's high median income and gradual diversification suggest it may be following a pattern seen in other affluent suburbs across the United States, where economic opportunities attract a more diverse population over time.
Based on the observed trends, Beverly is likely to continue its gradual transition towards greater diversity. It may remain a White Majority community for the foreseeable future, but could potentially transition from Low Diversity to Moderate Diversity within the next decade if current trends persist.
The Hispanic population and those identifying as Two or More Races are showing the most significant growth. If these trends continue, Beverly might approach a point where it could be categorized as a Transitional Community, particularly if the white population drops below 75% and other racial groups continue to grow.
Economically, the city appears poised for continued growth, although the slight decrease in median income from 2021 to 2022 warrants monitoring. If this diversification continues alongside economic growth, it could lead to a more dynamic and inclusive community, potentially attracting a wider range of residents and businesses.
In conclusion, while Beverly remains a Low Diversity, White Majority community, it shows signs of gradual change. The coming years may see it evolve towards a more diverse demographic profile, potentially transitioning to a Moderate Diversity or even a Transitional Community classification if current trends accelerate.
