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Demographic Analysis of Waverly, Michigan: Racial Composition and Economic Trends (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Waverly, Michigan, exhibits demographic characteristics of a White Majority community. As of 2022, 67% of the population identified as white. This percentage has decreased over the past decade, indicating a trend towards increased diversity. The median income in Waverly was $71,141 in 2022, surpassing the national median.
From 2013 to 2022, Waverly transitioned from a Low Diversity community towards Moderate Diversity. The white population decreased from 72% to 67% during this period. Other racial groups, particularly Asian and Black populations, experienced modest increases. The Black population remained relatively stable at 14-15% since 2015, while the Asian population increased from 4% in 2013 to 7% in 2022.
Economically, Waverly experienced significant growth. The median income rose from $60,503 in 2013 to $71,141 in 2022, representing a 17.6% increase over nine years. This growth exceeded inflation for the same period, indicating real economic gains. Concurrently, the population of Waverly decreased slightly from 25,238 in 2013 to 24,496 in 2022.
The trends observed in Waverly align with broader national patterns of increasing diversity in suburban areas and rising income levels. The gradual increase in diversity, particularly in Asian and multiracial populations, reflects similar trends seen in many American communities over the past decade.
Based on current trends, Waverly is likely to continue its trajectory towards increased diversity. The community may transition from a White Majority to a Moderate Diversity category within the next 5-10 years if current trends persist. The white population could potentially decrease below 60%, while Asian and multiracial populations continue to grow.
Economically, the area appears positioned for continued growth, assuming stable national economic conditions. The rising median income, combined with a slight population decrease, may lead to further gentrification and potentially attract more diverse, high-income residents. These predictions are based on extrapolation of current trends and could be influenced by unforeseen economic, social, or policy changes at local or national levels.
