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Demographics
Population
Median Income
Racial Distributions
Conneaut Lake in Pennsylvania is classified as a "Low Diversity" community as of 2022. The population is 91% white, indicating a strong racial majority. The median income is $54,931 and the population is 193, suggesting a small, predominantly white community with a moderate income level.
Over the past decade, Conneaut Lake has consistently remained in the "Low Diversity" category. The white population has maintained a significant majority, ranging from 91% to 99% throughout the years. There are subtle signs of increasing diversity. The percentage of residents identifying as two or more races increased from 0% in 2019 to 5% in 2022. The Hispanic population grew from 0% in 2019 to 3% in 2022. These changes suggest a slight trend towards a more diverse community, though it remains firmly in the "Low Diversity" category.
The median income in Conneaut Lake has shown overall growth from 2013 to 2022. In 2013, it was $43,893. It peaked in 2018 at $55,347, and in 2022 it was $54,931. This represents a 25% increase in median income over the decade, despite a slight decline from the 2018 peak. This economic growth coincides with a gradual decrease in population from 249 in 2013 to 193 in 2022. The increasing median income coupled with a decreasing population might suggest that while some residents are prospering, others may be moving out, possibly due to rising costs of living or seeking opportunities elsewhere.
The trend of increasing diversity, albeit slow, is consistent with many small towns across the United States. The economic growth in median income is also a positive sign, potentially outpacing national averages during this period.
Based on the observed trends, Conneaut Lake may be slowly transitioning towards a "Moderate Diversity" category in the future, though this transition would likely take many years at the current rate of change. The community might be classified as a "Transitional Community" in the coming years if the percentage of residents identifying as two or more races continues to increase, the Hispanic population continues to grow, and the white majority continues to gradually decrease.
Economically, if the median income continues its upward trend, it could lead to further demographic shifts. Higher incomes might attract more diverse residents seeking opportunities in a small-town setting, potentially accelerating the transition towards greater diversity. However, the declining population is a concern. If this trend continues, it could impact the community's economic vitality and potentially slow down or reverse the diversification process.
In conclusion, while Conneaut Lake remains a "Low Diversity" community, subtle demographic shifts and economic changes suggest a slow but steady evolution towards greater diversity and economic prosperity. Monitoring these trends in the coming years will be crucial to understanding the long-term trajectory of this small Pennsylvania borough.