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Demographics
Population
Median Income
Racial Distributions
Matthews, North Carolina, exhibits a demographic profile categorized as "Low Diversity" as of 2022. The white population comprises 70% of the total, which is near the threshold for this category. The city's median income of $104,829 in 2022 indicates a relatively affluent community, significantly above the national median income.
Over the past decade, Matthews has experienced a gradual transition from "Low Diversity" towards "Moderate Diversity." In 2013, the white population constituted 78% of the total, placing it firmly in the "Low Diversity" category. By 2022, this percentage had decreased to 70%, showing a trend towards increased diversity. The Black and Asian populations have shown steady growth, increasing from 9% and 6% respectively in 2013 to 12% and 8% in 2022. The Hispanic population has grown moderately from 5% to 7% during this period. The increase in the "Two or More Races" category from 1% to 3% further underscores this diversification trend.
Alongside this demographic shift, Matthews has experienced significant economic growth. The median income has risen from $87,412 in 2013 to $104,829 in 2022, an increase of about 20% over nine years. This growth in median income correlates with the increasing diversity, suggesting that the influx of diverse populations may be linked to economic opportunities in the area. The population has grown from 38,622 in 2013 to 39,652 in 2022, with some fluctuations, particularly a noticeable dip in 2020-2021.
The trends observed in Matthews align with broader patterns seen in many suburban areas across the United States. Many suburbs have been experiencing increased diversity and rising incomes, often due to the influx of skilled professionals from various racial backgrounds.
Based on the observed trends, it is likely that Matthews will continue its trajectory towards greater diversity. If current rates of change persist, the community could transition into the "Moderate Diversity" category within the next 5-10 years. This would occur if the white population drops below 70% and other racial groups, particularly Black and Asian populations, continue to grow. Economically, the steady increase in median income suggests continued prosperity, which may further attract diverse, high-skilled professionals to the area.
Matthews appears to be on a path of gradual diversification coupled with economic growth. This transition reflects broader national trends of increasing suburban diversity and economic development. The community seems positioned to become a more diverse, affluent suburb in the coming years, potentially offering both opportunities and challenges as it evolves.