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Demographic Analysis of Historic Olde Town, Arvada: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Historic Olde Town in Arvada, Colorado, exhibits a specific demographic profile as of 2022. The neighborhood has a population of 4,245 and a median income of $72,880. It is classified as a "Low Diversity" area with a White Majority, where 67% of the population identifies as white. Historic Olde Town is notable for its turn-of-the-century architecture and serves as the central area of Arvada, combining historical elements with contemporary urban features.
Over the past decade, Historic Olde Town has maintained its status as a Low Diversity area with a White Majority. The white population has decreased from 71% in 2013 to 67% in 2022. The Hispanic population has remained between 25-33% throughout this period. There has been a small increase in the Asian population and those identifying as two or more races, from 0% in 2013 to 2% and 3% respectively in 2022. These changes suggest a gradual trend towards increased diversity.
The economic landscape of Historic Olde Town has experienced significant positive changes from 2013 to 2022. The median income has increased from $41,675 to $72,880, representing a 75% rise. This income growth has surpassed inflation rates, indicating real economic gains for residents. The population has grown from 3,805 to 4,245, an 11.6% increase. These economic trends correlate with the subtle demographic shifts, potentially indicating that the neighborhood is attracting a wider range of residents.
The trend of increasing diversity in Historic Olde Town, although slow, aligns with broader national trends of increasing diversity in urban and suburban areas. The significant increase in median income surpasses national averages, suggesting stronger economic growth in this area compared to many others. The stability of the Hispanic population percentage, despite overall growth, indicates that the neighborhood is maintaining its cultural mix as it grows and prospers.
Historic Olde Town in Arvada is experiencing gradual demographic changes while undergoing significant economic growth. It remains a Low Diversity area with a White Majority, but there are indications of increasing diversity that could reshape the neighborhood's demographic profile in the future. The economic prosperity evident in rising incomes and population growth suggests that the area is attracting new residents and potentially becoming a more desirable location within the broader Arvada and Colorado context.
