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Demographics
Population
Median Income
Racial Distributions
Collegeville, Pennsylvania, is categorized as a Low Diversity community with a White Majority. As of 2022, the white population comprises 82% of the total, exceeding the 75% threshold for the Low Diversity category. The city's median income in 2022 was $119,248, indicating an affluent community, though this represents a decrease from previous years.
Over the past decade, Collegeville has maintained its Low Diversity status with a White Majority. The white population percentage has fluctuated between 80% and 84% from 2013 to 2022. The Black population increased slightly from 6% in 2013 to 8-11% in the mid-2010s, before returning to 6% in 2022. The Asian population has remained around 5-6% throughout most of the decade. The Hispanic population increased gradually from 2% in 2013 to 4% in 2022. The percentage of individuals identifying as two or more races increased from 3% in 2013 to 5% in 2022.
The median income in Collegeville has fluctuated over the past decade. It rose from $112,487 in 2013 to a peak of $127,690 in 2021, then decreased to $119,248 in 2022. These income trends do not appear strongly correlated with the subtle demographic shifts. The community has maintained its affluent status throughout the period, despite minor fluctuations in racial composition.
Population figures have remained relatively stable, with a slight overall decline from 5,220 in 2013 to 5,172 in 2022. This suggests that the community has not experienced significant in-migration or out-migration that might dramatically alter its demographic makeup.
Collegeville's demographic composition differs significantly from national averages. The U.S. as a whole is becoming increasingly diverse, with the white population dropping below 60% in recent years. Collegeville's 82% white population in 2022 indicates that it is significantly less diverse than the national average. The median household income in Collegeville ($119,248 in 2022) is also substantially higher than the national median, which was around $70,000 in 2021. This suggests that Collegeville remains an affluent suburb, potentially attracting high-income residents regardless of racial background.
Based on the observed trends, it is likely that Collegeville will continue to slowly diversify over the coming years. However, given the gradual nature of these changes, it may take several more decades before the community transitions out of the Low Diversity category. The most probable scenario is that Collegeville will eventually transition into a Moderate Diversity community, with the white population potentially dropping below 75% and other racial groups, particularly Hispanic and multiracial categories, continuing to grow.
Economically, the recent dip in median income could be an anomaly or the start of a trend. If it is the latter, it might accelerate demographic changes as housing potentially becomes more affordable to a wider range of residents. However, given the overall high income levels, Collegeville is likely to remain an affluent community in the near future, potentially continuing to attract high-income residents from various racial backgrounds.