Loading Content...
Demographic Analysis of Greenwood Village, Colorado: Low Diversity and High Income
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Greenwood Village, Colorado exhibits a demographic profile characterized by high median income and low racial diversity. As of 2022, the city is categorized as having low diversity, with a white majority comprising 76% of the population. The median income of $125,219 in 2022 indicates an affluent community, significantly above national averages.
Over the past decade, Greenwood Village has maintained its low diversity status. However, subtle shifts have occurred. The white population decreased slightly from 80% in 2013 to 76% in 2022. The Asian population increased from 6% in 2013 to 12% in 2022. The Hispanic population remained relatively stable between 7-8%. The Black population remained constant at 2-3%. These changes indicate a slow trend towards increasing diversity, particularly with the growth of the Asian population.
The median income has shown an upward trend, rising from $114,230 in 2013 to $125,219 in 2022, an increase of about 9.6% over nine years. This economic growth correlates with the increasing Asian population. The population has grown from 22,689 in 2013 to 25,136 in 2022, an increase of about 10.8%. This growth, combined with rising incomes, suggests a stable and attractive community for affluent residents.
Greenwood Village's demographic profile is likely atypical for Colorado. The city's high income and low diversity suggest it may be an enclave of wealth within a more diverse metropolitan area, possibly attracting high-earning professionals from various industries.
Based on observed trends, Greenwood Village is likely to continue its slow diversification, primarily driven by growth in the Asian population. However, the pace of change suggests that it will remain in the low diversity category for the foreseeable future.
Economically, the steady increase in median income is likely to continue, maintaining the city's status as an affluent community. This economic strength may attract more diverse, high-earning professionals, potentially accelerating the diversification trend.
If current trends continue, Greenwood Village might transition into a moderate diversity category within the next 10-15 years, particularly if the Asian population continues to grow at its current rate and other minority populations see modest increases. This could lead to a more multicultural community while likely maintaining its high economic status.
Greenwood Village represents a stable, affluent community with slow but steady demographic changes. Its economic strength appears to be a defining characteristic, potentially influencing and being influenced by its gradual diversification. The city's future may involve balancing its traditional demographic makeup with increasing diversity, all within the context of continued economic prosperity.
