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Demographics
Population
Median Income
Racial Distributions
Lake Latonka, Pennsylvania, is classified as a Low Diversity community with a 95% White population as of 2022. The median income has increased to $72,851 in 2022. The population has decreased from 1,651 in 2019 to 1,481 in 2022.
From 2013 to 2022, Lake Latonka has maintained its Low Diversity status. The White population has consistently been above 95%. Minor increases in diversity include a rise in the Asian population from 0% to 3%, the emergence of a 1% Hispanic population by 2021, and the appearance of a 1% Two or More Races category by 2020. These changes indicate a slow trend towards increased diversity, albeit insufficient to alter the community's diversity classification.
The median income in Lake Latonka has grown from $57,760 in 2013 to $72,851 in 2022, a 26% increase. This economic growth coincides with the slight increase in diversity. The population, however, has declined from a peak of 1,812 in 2015 to 1,481 in 2022, an 18% decrease.
Lake Latonka's slow rate of diversification contrasts with national trends of increasing diversity in many communities. The income growth aligns with national economic recovery trends following the 2008 recession. The population decline may reflect challenges faced by small, rural communities in retaining residents.
Based on observed trends, Lake Latonka is expected to remain in the Low Diversity category in the near future. If current trends continue or accelerate, the community might transition into a Transitional Community category over the next one to two decades. The steady income growth suggests continued economic prosperity for residents. However, the declining population raises concerns about the long-term sustainability of this growth and may lead to challenges in maintaining local services and infrastructure.
In conclusion, Lake Latonka remains a predominantly White, Low Diversity community with rising incomes. Subtle shifts in demographics and a declining population suggest the potential for more significant changes in the future. Ongoing monitoring of these trends will be crucial for local policymakers and community leaders to address potential challenges and opportunities arising from these demographic and economic shifts.