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Demographics
Population
Median Income
Racial Distributions
Zip code 19040 in Hatboro, Pennsylvania, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The racial composition shows 83% white population. The median income for 2022 was $89,503. The area has maintained its status as a "White Majority" community from 2013 to 2022. The white population percentage decreased from 86% in 2013 to 83% in 2022. The Black population increased from 2% in 2013 to 4% in 2022, and the "Two or More Races" category grew from 1% to 4%. The Hispanic population remained between 5-6% throughout the decade. The Asian population consistently ranged from 1-2%.
The median income increased from $77,933 in 2013 to $89,503 in 2022, representing a 14.8% increase. A notable income spike occurred in 2020 and 2021, reaching $97,233 and $104,286 respectively, before decreasing to $89,503 in 2022. The population grew from 19,895 in 2013 to 21,805 in 2022, an increase of 9.6%. The rising median income suggests economic growth in the area, potentially attracting a more diverse population.
The trend of slowly increasing diversity aligns with many suburban areas in the United States, where traditionally homogeneous communities are gradually becoming more diverse. The median income growth outpaces inflation, indicating real economic growth in the area. This may be part of a broader trend of economic development in suburban areas around major cities. The stability of the white majority, despite slight decreases, suggests that while the area is becoming more diverse, it is not experiencing rapid demographic change.
Hatboro (zip code 19040) remains a "Low Diversity" area with a strong "White Majority," but shows signs of gradual change. The slow increase in diversity, combined with significant economic growth, indicates a community in transition. If current trends continue, this area may evolve towards "Moderate Diversity" in the coming years, potentially becoming a "Transitional Community." However, these changes are occurring at a measured pace, allowing for gradual integration and adaptation within the community.