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Demographics
Population
Median Income
Racial Distributions
Bozeman, Montana is categorized as a city with Low Diversity, having a White Majority as of 2022. The racial composition shows 88% of the population identifying as white, with a median income of $71,305. This analysis examines the demographic and economic changes in Bozeman over the past decade and their potential implications.
Bozeman has maintained its status as a White Majority city throughout the observed period. The percentage of white residents decreased from 91% in 2013 to 88% in 2022, indicating a slow trend towards increased diversity. Small but consistent increases occurred in Asian, Black, Hispanic, and multiracial populations. The Asian population increased from 1% to 2%, while the Hispanic population grew from 3% to 4%. The percentage of residents identifying as two or more races increased from 1% in 2013 to 4% in 2022.
Despite these changes, Bozeman remains categorized as Low Diversity due to the white population comprising over 75% of the total. The demographic shifts correlate with significant economic changes. The median income rose from $56,488 in 2013 to $71,305 in 2022, an increase of about 26% over nine years. Bozeman's population grew from 45,923 in 2013 to 62,254 in 2022, a 35.6% increase.
The simultaneous increase in diversity, income, and population suggests that Bozeman may be experiencing an influx of diverse, high-skilled workers. Bozeman's growth rate significantly outpaces the national average. The U.S. population grew by about 7% from 2010 to 2020, whereas Bozeman grew by over 35% in a similar timeframe. This rapid growth, combined with increasing diversity and rising incomes, suggests Bozeman may be emerging as a regional economic hub.
Based on the observed trends, Bozeman appears to be on a trajectory towards greater diversity and continued economic growth. It may transition into a Moderate Diversity category within the next decade if current trends continue. Economically, the city seems poised for continued growth, with rising incomes and a rapidly expanding population. This growth may bring challenges such as housing affordability and maintaining community character.
Bozeman presents a picture of a city in transition, slowly moving from a homogeneous, smaller city to a more diverse, economically vibrant urban center. The consistent trends suggest a transformative period ahead for this Montana city.