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Demographic Analysis of Buena Vista, Colorado: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Buena Vista, Colorado, is categorized as a community with Low Diversity, characterized by a significant White Majority. As of 2022, the white population constitutes 86% of the total population. The city's current median income is $48,427, which has decreased from its peak in 2017. In 2022, Buena Vista had a population of 4,573.
Over the past decade, Buena Vista has maintained its status as a White Majority community. The white population percentage has increased from 81% in 2013 to 86% in 2022, further reinforcing its Low Diversity classification. This trend indicates a slight homogenization of the community. The Hispanic population, the second-largest demographic group, has decreased from 12% in 2013 to 8% in 2022. Other minority groups have maintained relatively stable, but small, percentages throughout the decade.
The median income in Buena Vista has fluctuated over the years. It reached a peak of $59,120 in 2017 but has since decreased to $48,427 in 2022. This represents an 18% decrease in median income over five years, potentially indicating economic challenges for the community. The trend towards increased racial homogeneity has coincided with a decrease in median income, suggesting that economic factors may be influencing demographic changes.
The trend towards increased racial homogeneity in Buena Vista contrasts with national trends, where many communities are becoming more diverse. This suggests that Buena Vista may be experiencing unique local factors influencing its demographic composition.
Based on observed trends, Buena Vista is likely to continue being classified as a Low Diversity, White Majority community in the near future. The consistent increase in the white population percentage suggests this trend may persist, potentially further solidifying its Low Diversity status.
Economically, if the downward trend in median income continues, it could lead to further demographic shifts. Lower incomes might result in out-migration of some residents, potentially altering the community's composition. However, if this affects all demographic groups equally, the overall racial makeup may remain stable.
Given the current trends, it appears unlikely that Buena Vista will shift into a different diversity category in the immediate future. However, if economic conditions significantly change, such as new industries moving into the area and attracting a more diverse workforce, a slow transition towards Moderate Diversity could potentially occur over a longer period.
Key factors to monitor include any economic developments that could attract new residents, as well as broader regional migration patterns that might influence the town's demographic makeup.
