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Demographic Analysis of Cabot, Arkansas: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Cabot in Arkansas exhibits a demographic profile categorized as "Low Diversity" as of 2022. The population is 87% white, indicating a strong racial majority. The median income of $67,377 in 2022 suggests a relatively stable middle-class economic foundation.
Over the past decade, Cabot has maintained its "Low Diversity" status. The white population decreased from 91% in 2013 to 87% in 2022. The Hispanic population increased from 4% to 5%, and the Black population from 1% to 3%. The percentage of residents identifying as two or more races doubled from 2% to 4%. These changes indicate a gradual trend towards increased diversity.
The median income in Cabot has fluctuated over the past decade. From 2013 to 2019, it remained relatively stable, ranging between $61,593 and $64,827. A significant increase occurred in 2020 and 2021, reaching $75,392 in 2021. However, 2022 saw a decrease to $67,377, which is still higher than pre-2020 levels.
Cabot's demographic makeup is less diverse than national averages. The gradual increase in diversity aligns with broader national trends of increasing diversity in suburban areas.
Based on observed trends, Cabot is likely to continue its slow transition towards greater diversity over the coming years. It may remain in the "Low Diversity" category in the near term but could potentially transition to a "Moderate Diversity" classification within the next decade if current trends persist.
Economically, the city appears poised for continued stability with potential for growth, assuming the 2022 income decrease was an anomaly rather than the start of a downward trend. The increasing diversity may contribute to economic resilience by diversifying the local economy and attracting a broader range of industries and businesses.
Cabot exemplifies a community in the early stages of a demographic transition. While still predominantly white and economically stable, the subtle shifts in racial composition and income levels suggest a gradual evolution towards a more diverse and potentially economically dynamic future. This transition could position Cabot for increased cultural richness and economic opportunities in the years to come.
