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Demographics
Population
Median Income
Racial Distributions
Lafayette, Louisiana, had a population of 121,367 in 2022 with a median income of $50,504. The city is categorized as having "Moderate Diversity" based on its racial composition. The racial makeup consists of 56% White, 31% Black, 5% Hispanic, and 5% Two or More Races.
The 2022 figures suggest that Lafayette has likely transitioned from a "White Majority" to a more diverse community over the past decade. The presence of substantial minority populations indicates a shift towards increased diversity, though not yet reaching the threshold for "High Diversity" or "Majority-Minority" status.
From 2013 to 2022, the median income increased from $47,784 to $50,504, with notable peaks in 2020 ($54,715) and 2021 ($57,953). This general upward trend in income could be correlated with the increasing diversity, possibly indicating economic opportunities attracting a more diverse population.
The population trends show growth from 2010 (120,871) to 2015 (127,661), followed by a slight decline to 121,367 in 2022. This pattern might suggest changes in local economic conditions or migration patterns affecting demographic composition.
The trends in Lafayette align with broader national patterns of increasing diversity in mid-sized cities. The economic fluctuations, particularly the peak in median income during 2020-2021, likely reflect national economic trends influenced by the COVID-19 pandemic and subsequent recovery.
Based on the observed trends, Lafayette is likely to continue its trajectory towards increased diversity. If current patterns persist, the city may transition from "Moderate Diversity" to "High Diversity" in the coming years. This could happen if the White population continues to decrease below 50%, while other racial groups, particularly the Black and Hispanic populations, increase their shares.
Economically, the city appears resilient, with median income showing an overall positive trend despite recent fluctuations. If this trend continues alongside increasing diversity, Lafayette could become an example of a "Transitional Community" where demographic changes correlate with economic growth and increased opportunities for various racial groups.
These predictions are based on limited historical data and would benefit from more comprehensive long-term racial demographic information to establish clearer trends and make more accurate forecasts.