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Demographic Analysis of Centennial, Colorado: 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
Centennial, Colorado, as of 2022, is categorized as a "White Majority" community with "Low Diversity". The city's population of 105,860 is predominantly white (76%), with a median income of $126,224, indicating an affluent suburban area.
Over the past decade, Centennial has maintained its status as a "White Majority" community, but with subtle shifts towards increased diversity. In 2015, the white population comprised 82% of the total, which has decreased to 76% by 2022. This trend suggests a slow but steady movement towards greater diversity, though not enough to shift the city out of the "Low Diversity" category.
The Hispanic population has shown significant growth, increasing from 7% in 2015 to 12% in 2018, before settling at 8% in 2022. The Asian population has seen a slight increase from 5% to 6% over this period. The "Two or More Races" category has grown substantially from 2% in 2015 to 7% in 2022, indicating an increasing trend towards multiracial identities.
Centennial has experienced robust economic growth alongside its demographic changes. The median income has risen from $90,200 in 2013 to $126,224 in 2022, an increase of about 40% over nine years. This substantial income growth suggests that the city has been attracting high-earning professionals, possibly contributing to its increasing diversity.
While the median income has grown, the population has slightly decreased from its peak of 110,911 in 2019 to 105,860 in 2022. This could indicate a trend of higher-income residents moving in while some lower-income residents may be moving out, potentially due to rising living costs.
Centennial's trends align with broader patterns seen in many affluent suburbs across the United States. These areas often experience gradual increases in diversity, particularly among Asian and Hispanic populations, while maintaining a white majority. The significant income growth also mirrors trends in tech-heavy or professional service-oriented suburban areas.
Based on the observed trends, Centennial is likely to continue its gradual shift towards greater diversity over the next decade. While it may remain a "White Majority" community in the near term, it could potentially transition into a "Moderate Diversity" category if current trends persist. The Hispanic, Asian, and multiracial populations are likely to continue growing, albeit slowly.
Economically, the area is poised for continued prosperity, with median incomes likely to keep rising. However, this could also lead to increased housing costs, potentially accelerating the trend of population stabilization or slight decline as seen in recent years.
The city might be moving towards becoming a "Transitional Community" if the growth in Hispanic and multiracial populations continues to accelerate. This transition could bring both opportunities and challenges, including a more diverse cultural landscape and the need for more inclusive community planning and services.
Centennial represents a gradually evolving suburban landscape, balancing its traditional demographic makeup with slow but steady diversification, all while experiencing significant economic growth. The coming years will likely see a continuation of these trends, potentially reshaping the community's identity and socio-economic dynamics.
