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Demographic Analysis of Placerville, Idaho: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Placerville, Idaho, as of 2022, is classified as a "Low Diversity" community. The city has a population of 206 with a racial composition of 85% white, 8% Hispanic, and 6% identifying as two or more races. The median income is $91,911.
Over the past decade, Placerville has maintained its "Low Diversity" categorization. However, subtle demographic shifts have occurred. The white population decreased from 94% in 2014 to 85% in 2022. The Hispanic population increased from 2% to 8%, and those identifying as two or more races grew from 1% to 6% during the same period. These changes indicate a slow trend towards increased diversity.
The median income in Placerville has shown a significant upward trend. In 2013, the median income was $33,987, rising to $91,911 by 2022. This increase correlates with the demographic shifts, suggesting the attraction of more diverse, higher-income residents. The population has decreased from 236 in 2013 to 206 in 2022, potentially indicating that lower-income residents may have been priced out of the area.
The trends in Placerville align with broader national patterns of increasing diversity in small towns and rising income inequality. The significant increase in median income, coupled with a slight population decrease, suggests gentrification processes common in many U.S. communities.
Based on observed trends, Placerville is likely to continue its slow progression towards greater diversity. In the next 5-10 years, the white population could decrease to around 75-80%, the Hispanic population might increase to 10-12%, and the percentage of residents identifying as two or more races could rise to 8-10%. This could potentially shift Placerville from a "Low Diversity" community to a "Moderate Diversity" category.
Economically, the median income is likely to continue rising, potentially reaching or exceeding $100,000 in the next few years. This could further exacerbate affordability issues and potentially lead to more pronounced demographic shifts as the community's economic landscape evolves.
Placerville remains a predominantly white, affluent small town. However, subtle demographic shifts and significant economic changes suggest a community in transition. Monitoring these trends will be crucial for understanding the evolving nature of this Idaho city and its implications for local policy and community development.
