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Demographic Analysis of Concord, New Hampshire: Racial Composition and Economic Trends (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Concord, New Hampshire, is classified as a "Low Diversity" city based on its demographic profile. As of 2022, the white population comprises 86% of the city's residents, exceeding the 75% threshold for this classification. The city's median income is $81,404 in 2022, indicating a relatively affluent community. Concord has a population of 44,049 spread over 67.19 square miles.
Over the past decade, Concord has maintained its "Low Diversity" status, but subtle signs of increasing diversity are evident. The white population has decreased from 91% in 2013 to 86% in 2022. Asian, Black, and Hispanic populations have shown slight increases. The "Two or More Races" category has grown from 1% to 3%. These changes indicate a slow transition towards greater diversity, though not yet sufficient to reclassify the city.
Concord has experienced significant economic growth over the observed period. Median income increased from $67,408 in 2013 to $81,404 in 2022, a 20.8% rise. This growth outpaces inflation, suggesting real economic gains for residents. The population has grown modestly from 42,564 in 2013 to 44,049 in 2022, a 3.5% increase. The economic growth appears to be occurring alongside the gradual increase in diversity.
Concord's trends align with broader patterns observed in many U.S. cities, including gradual diversification of predominantly white communities, economic growth in state capitals and mid-sized cities, and slow but steady population growth.
Based on the observed trends, Concord is likely to continue its gradual transition towards greater diversity over the next decade. The white population percentage may approach 80-82% by 2032. Increases in Asian, Black, Hispanic, and multiracial populations are anticipated. If current trends accelerate, Concord might transition from "Low Diversity" to "Moderate Diversity" in the next 15-20 years.
Economically, the city is likely to continue its upward trajectory in median income, potentially reaching or exceeding $90,000 by 2032, assuming similar growth rates and barring major economic disruptions.
This gradual demographic shift, coupled with economic growth, suggests that Concord may slowly evolve into a more diverse and prosperous community. This evolution may enhance its appeal to a broader range of residents and businesses. However, the pace of change indicates that any major demographic transitions will likely occur over a multi-decade timeframe rather than in the immediate future.
