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Demographics
Population
Median Income
Racial Distributions
Hazard, Kentucky, as of 2022, is classified as a Low Diversity community with a White Majority. The city has a population of 11,572 and a median income of $43,942, indicating a small, predominantly white city with moderate economic standing.
Over the past decade, Hazard has maintained its status as a Low Diversity community with a White Majority. The white population has decreased from 95% in 2013 to 91% in 2022. The "Two or More Races" category has increased from 1% in 2013 to 5% in 2022. The Hispanic population has grown from 0% to 2% over the same period. These changes suggest that Hazard may be in the early stages of becoming a Transitional Community, albeit at a slow pace.
The median income in Hazard has improved over the past decade. It increased from $33,224 in 2013 to $43,942 in 2022, an increase of about 32%. A significant increase occurred between 2018 and 2019, from $35,724 to $44,463. This economic growth coincides with the subtle increases in diversity, suggesting a possible correlation between economic improvement and increasing diversity.
Population trends have been relatively stable, with minor fluctuations between 10,500 and 11,600 residents over the decade.
The trends in Hazard align with broader national patterns of increasing diversity in smaller cities and towns. However, the pace of change in Hazard appears slower than national averages, which have seen more rapid increases in diversity across many communities.
Based on the observed trends, Hazard is likely to continue its slow transition towards greater diversity over the coming years. It will likely remain a White Majority community for the foreseeable future. We can predict continued growth in the "Two or More Races" and Hispanic populations, a gradual decrease in the white population percentage, though remaining the clear majority, and potential for further economic growth, possibly attracting more diverse populations.
If these trends continue or accelerate, Hazard might transition from Low Diversity to Moderate Diversity within the next 10-20 years. However, this transition would require significant acceleration in the current rate of demographic change.
Hazard remains a Low Diversity, White Majority community. Subtle demographic shifts and notable economic improvements suggest the early stages of a transition. The coming years will be crucial in determining whether these changes represent a temporary fluctuation or the beginning of a more significant transformation in the city's demographic and economic landscape.