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Demographics
Population
Median Income
Racial Distributions
Cave Spring, Virginia, is classified as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 83% of the total, exceeding the 75% threshold for Low Diversity. The city has experienced modest population growth over the past decade, reaching 28,845 residents in 2022, with a median income of $77,429.
Over the past decade, Cave Spring has maintained its status as a Low Diversity, White Majority community. However, there have been subtle shifts within this classification. The white population decreased from 88% in 2013 to 83% in 2022, indicating a slow but steady diversification trend. The Asian population increased from 4% in 2013 to 7% in 2022, showing the most significant growth among minority groups. The Black population fluctuated between 3% and 7%, settling at 4% in 2022. The Hispanic population grew from 1% in 2013 to 4% in 2022, demonstrating consistent growth.
The median income in Cave Spring has shown an overall positive trend. In 2013, it was $76,416, and in 2022, it reached $77,429. Despite some fluctuations, including a peak of $87,216 in 2021, the community has maintained a relatively stable economic profile. The modest income growth correlates with the gradual increase in diversity, suggesting that the area's economic opportunities may be attracting a more diverse population.
The trends observed in Cave Spring align with broader national patterns of increasing diversity in suburban areas. The growth in Asian and Hispanic populations, in particular, reflects national demographic shifts seen in many parts of the United States over the past decade.
Based on the observed trends, Cave Spring is likely to continue its gradual diversification over the coming years. While it may remain a White Majority community in the near term, it could potentially transition to a Moderate Diversity classification if current trends accelerate. The Asian and Hispanic populations are likely to continue growing, potentially reaching or exceeding 10% each within the next decade.
Economically, the area appears stable with potential for continued modest growth. The correlation between increasing diversity and stable economic conditions suggests that Cave Spring may become increasingly attractive to a more diverse population seeking economic opportunities.
Cave Spring remains a Low Diversity, White Majority community, but shows signs of a Transitional Community, slowly moving towards greater racial and ethnic diversity. This transition, coupled with stable economic conditions, positions the community for potential shifts in its demographic makeup in the coming years, which could impact local culture, services, and community dynamics.