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Demographics
Population
Median Income
Racial Distributions
Germantown, Tennessee, is classified as a "Low Diversity" community. As of 2022, the white population comprises 77% of the total, exceeding the 75% threshold for this classification. The city has a high median income of $116,958 in 2022, significantly above national averages. This combination of low racial diversity and high economic status provides a context for analyzing demographic and economic trends over the past decade.
Over the past decade, Germantown has maintained its status as a "Low Diversity" community. The white population has decreased from 79% in 2013 to 77% in 2022. The black population has increased from 8% in 2013 to 13% in 2022. The Asian population has remained stable at around 6-7%. The Hispanic population has shown minimal change, remaining at 2-3%.
Germantown's median income has shown an upward trend, increasing from $108,497 in 2013 to $116,958 in 2022, a 7.8% increase over the decade. The city experienced a spike in median income in 2021, reaching $127,572, before moderating in 2022. This economic growth has coincided with a population increase from 46,123 in 2013 to 48,659 in 2022, a 5.5% increase.
The correlation between demographic shifts and economic trends suggests that as the city has become slightly more diverse, it has also become more affluent. This could indicate that the increasing diversity is partly driven by higher-income minorities moving into the area.
Germantown's trends align with broader national patterns of increasing diversity in suburban areas. However, the city's high median income and slower pace of diversification distinguish it from many other suburban communities experiencing more rapid demographic changes.
Based on observed trends, Germantown is likely to continue its gradual shift towards greater diversity over the next decade. The white population may potentially drop below 75% in the next 5-10 years, which could shift Germantown into the "Moderate Diversity" category. The black population may reach 15-18% in the next decade. Slight increases in Asian and Hispanic populations are anticipated. Further increases in median income may occur, potentially reaching or exceeding $130,000 by 2030.
These changes could lead to Germantown becoming a "Transitional Community" in terms of both demographics and economics, as it slowly moves away from its historical status as a predominantly white, high-income enclave towards a more diverse, but still affluent, suburban community.