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Demographic Analysis of Liberty Park, Plano: White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Liberty Park, a neighborhood in Plano, Texas, is characterized as a White Majority community with Moderate Diversity as of 2022. The white population comprises 79% of residents, while Hispanic (11%) and Asian (4%) populations contribute to the community's diversity. The neighborhood's median income was $75,328 in 2022, indicating a relatively affluent area. Liberty Park is known for its well-maintained parks and green spaces.
Over the past decade, Liberty Park has maintained its White Majority status while transitioning from Low Diversity to Moderate Diversity. In 2013, the white population was 84% with minimal representation from other groups. By 2022, there was increased representation from Hispanic, Asian, and multiracial groups. The Asian population fluctuated between 4% and 10%, while the Hispanic population varied between 3% and 12% over the decade. The emergence of a significant "Two or More Races" category (5% by 2022) indicates a trend towards increased diversity.
The median income in Liberty Park has shown volatility over the reported period. Starting at $69,285 in 2013, it peaked at $86,773 in 2015 before experiencing fluctuations, ultimately reaching $75,328 in 2022. This overall increase suggests economic growth in the neighborhood. The periods of highest income coincided with a slight increase in diversity, particularly growth in the Asian population. The population has remained relatively stable, around 3,500-3,700 residents throughout the decade.
The trends observed in Liberty Park align with broader patterns seen in many suburban areas across the United States. The gradual increase in diversity, particularly among Asian and Hispanic populations, reflects national demographic shifts. However, the persistence of a strong White Majority distinguishes Liberty Park from rapidly diversifying areas in other parts of the country.
The income fluctuations in Liberty Park may reflect broader economic trends, including the recovery from the 2008 financial crisis and subsequent economic cycles. The overall increase in median income aligns with trends in many affluent suburban areas, where growing diversity often correlates with economic prosperity.
Liberty Park represents a community in transition, moving from Low Diversity to Moderate Diversity while maintaining its White Majority status. The economic fluctuations and overall income growth, coupled with increasing racial diversity, suggest a neighborhood that is evolving in line with broader demographic shifts while maintaining its attractive qualities for residents.
