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Demographic Analysis of Speers, Pennsylvania: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Speers, Pennsylvania, is classified as a Low Diversity community based on established criteria. As of 2022, the white population comprises 90% of the total, exceeding the 75% threshold for this classification. The city's current median income is $63,512, with a population of 512 residents.
Over the past decade, Speers has maintained its Low Diversity status. However, subtle signs of increasing diversity are evident. The white population has decreased from 97% in 2019 to 90% in 2022. The black population has increased from 1% to 3% during the same period. The two or more races category has grown from 1% to 6%. These changes have not been significant enough to reclassify the community into a different category such as Moderate Diversity.
The median income in Speers has shown an overall upward trend. In 2013, it was $50,646, increasing to $65,514 in 2019, before slightly declining to $63,512 in 2022. This economic growth coincides with the subtle increase in diversity, suggesting a possible correlation between economic opportunities and demographic changes.
Population figures have fluctuated over the decade, showing a general declining trend from 572 in 2010 to 512 in 2022. This could indicate outmigration, potentially influencing the community's demographic and economic landscape.
The trend of increasing diversity, albeit slow, aligns with broader national patterns of growing diversity in many American communities. The economic growth seen in Speers may reflect wider economic recovery trends post-2008 recession, though the recent slight decline could be related to more recent economic challenges faced nationwide.
Based on the observed trends, Speers is likely to continue its slow transition towards greater diversity. While it may remain in the Low Diversity category for the near future, there is potential for it to transition into a Moderate Diversity community if current trends accelerate.
Economically, the area may see continued modest growth in median income, assuming the recent slight decline is temporary. However, the declining population trend is a concern that could impact future economic prospects if not addressed.
Speers remains a Low Diversity community with a strong economic base. Subtle demographic shifts and economic fluctuations suggest a community in gradual transition. Monitoring these trends will be crucial for local policymakers to ensure the community's continued vitality and inclusivity.
