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Demographic Analysis of Wellesley, Massachusetts: Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Wellesley, Massachusetts, is categorized as a community with Low Diversity, featuring a strong White Majority. As of 2022, the white population constitutes 74% of the total. The city's median income stands at $175,743 in 2022, indicating an affluent community.
Over the past decade, Wellesley has experienced a gradual shift in its racial composition, maintaining its Low Diversity categorization. The white population decreased from 81% in 2013 to 74% in 2022. The Asian population showed the most significant growth, increasing from 10% in 2013 to 13% in 2022. Modest increases occurred in the Black and Hispanic populations, as well as those identifying as two or more races.
The median income in Wellesley has fluctuated but generally trended upward over the past decade, rising from $169,070 in 2013 to $175,743 in 2022, representing a 3.9% increase. The population grew steadily from 28,503 in 2013 to 29,864 in 2022, a 4.8% increase. The correlation between demographic shifts and economic trends is not strongly apparent in the data.
Wellesley's median income is exceptionally high compared to national averages. The gradual increase in diversity aligns with broader national trends towards increasing diversity in many communities across the United States.
Based on observed trends, Wellesley will likely continue to slowly diversify over the coming years. If the current rate of change continues, the community may transition from Low Diversity to Moderate Diversity within the next 5-10 years. The white population could potentially drop below 70%, while the Asian population might approach or exceed 15%.
Economically, given the stability of the high median income despite demographic changes, Wellesley will likely maintain its status as an affluent community. The median income is expected to continue its modest upward trend, barring any significant economic disruptions.
Wellesley is slowly transitioning from a highly homogeneous, affluent community to a slightly more diverse one, while maintaining its economic prosperity. This gradual shift represents a Transitional Community in its early stages, moving towards increased racial representation while preserving its distinctive economic character.
