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Demographic Analysis of North Wales, Pennsylvania: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
North Wales, Pennsylvania, is a community with a population of 3,415 as of 2022. The city is categorized as having "Low Diversity" with a strong White Majority. As of 2022, the white population comprises 84% of the total. The median income of $102,852 in 2022 indicates a relatively affluent community.
Over the past decade, North Wales has maintained its status as a White Majority community. The white population has decreased from 90% in 2013 to 84% in 2022. The Asian population peaked at 5% in 2016-2017 but has declined to 1% in 2022. The Black population has remained relatively stable, fluctuating between 1-5% over the decade.
The Hispanic population has increased from 2% in 2013 to 5% in 2022. The "Two or More Races" category has grown from 0% in 2013 to 7% in 2022. These changes suggest a trend towards a "Transitional Community," particularly with the growth in Hispanic and multiracial populations.
The median income has shown an overall upward trend, rising from $96,392 in 2013 to $113,471 in 2021, before decreasing to $102,852 in 2022. This general increase in median income correlates with the subtle diversification of the community. The population has increased from 3,237 in 2013 to 3,415 in 2022, indicating a growing appeal of the area.
The trends observed in North Wales align with broader national patterns of increasing diversity in suburban areas. The growth in Hispanic and multiracial populations reflects national demographic shifts.
Based on the observed trends, North Wales will likely continue its slow transition towards greater diversity over the coming years. It may remain a White Majority community in the near future, but could potentially shift towards a "Moderate Diversity" category within the next decade if current trends persist.
The Hispanic and multiracial populations are likely to continue growing, potentially reaching 10% each in the next 5-10 years. This could lead to a more diverse local culture and potentially influence local businesses, schools, and community services to adapt to a more multicultural population.
Economically, if the trend of increasing median income continues, the area may become more attractive to diverse, affluent professionals, further accelerating the diversification process. This could also lead to potential gentrification concerns if housing prices increase substantially.
North Wales remains a predominantly white, affluent community, but subtle demographic shifts are occurring. These changes, coupled with economic growth, suggest a gradual transition towards a more diverse and potentially more prosperous future for the area.
