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Demographic Analysis of Madison, Mississippi: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Madison, Mississippi, exhibits characteristics of Low Diversity with a White Majority. As of 2022, the white population comprises 76% of the total, while the median household income is $124,439. This affluent suburb has experienced steady growth over the past decade, both in population and economic terms.
Over the past decade, Madison has remained consistently in the Low Diversity category with a White Majority. However, there are subtle shifts indicating a gradual trend towards increased diversity. The white population has decreased from 83% in 2013 to 76% in 2022. The black population has increased from 12% to 15% in the same period. The Asian population has grown from 3% to 5%. The Hispanic and two or more races categories have shown slight increases.
The median household income has risen steadily from $105,802 in 2013 to $124,439 in 2022, an increase of about 17.6%. This growth in income has coincided with the gradual diversification of the population. The population has also grown from 27,227 in 2013 to 30,980 in 2022, an increase of about 13.8%. This population growth, coupled with rising incomes, indicates a thriving local economy.
Madison's demographic composition and high median income suggest it is likely more affluent and less diverse than many other areas in Mississippi, which is known for its significant African American population and generally lower income levels compared to national averages.
Based on the observed trends, Madison is likely to continue its gradual transition towards greater diversity over the next decade. If current trends persist, the white population might decrease to around 70-72% by 2032. The black population may increase to 17-18%. The Asian population could reach 6-7%. Hispanic and multiracial categories may show modest increases.
Economically, if the trend continues, median household income could reach $145,000-$150,000 by 2032. This sustained economic growth, coupled with increasing diversity, could lead to changes in local businesses, cultural offerings, and community services to cater to a more diverse population.
In conclusion, while Madison remains a predominantly white, affluent suburb, it shows signs of gradual diversification. This trend, if continued, could lead to a more multicultural community in the coming decades, while likely maintaining its economic prosperity.
