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Demographics
Population
Median Income
Racial Distributions
Zip code 40014 in Crestwood, Kentucky, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 24,474 and a median household income of $108,374. This indicates a relatively affluent suburban area.
Crestwood has maintained its status as a "Low Diversity" community with a "White Majority" over the past decade. However, there are subtle indications of increasing diversity. The White population decreased from 92% in 2013 to 88% in 2022, while the Hispanic population increased from 2% to 5% during the same period. Asian and Black populations remained relatively stable at around 1-2% throughout the decade. The population identifying as two or more races increased from 1% in 2013 to 3% in 2022.
These changes suggest a slow transition towards slightly increased diversity. The community could be considered a "Transitional Community" in its early stages, particularly with the growth in Hispanic and multiracial populations. The median household income has shown an overall upward trend, increasing from $97,232 in 2013 to $108,374 in 2022, representing an 11.5% increase over the decade. The population has also grown steadily from 21,046 in 2013 to 24,474 in 2022, a 16.3% increase.
The economic growth and population increase correlate with the subtle demographic shifts. As the area becomes more affluent, it may be attracting a more diverse, though still predominantly white, population of professionals and families. Crestwood's demographic changes are relatively modest compared to national trends showing increasing diversity in many suburban areas. The community's high median income ($108,374 in 2022) is well above the national median ($70,784 in 2021), indicating that Crestwood is an affluent suburb that may have barriers to entry for more diverse populations due to high housing costs.
While Crestwood remains a "Low Diversity" community with a strong "White Majority," there are early indications of a "Transitional Community" status. The area's economic prosperity appears to be a significant factor in both attracting new residents and potentially slowing more dramatic demographic shifts. As the community continues to grow and evolve, it will be interesting to see if these gradual changes accelerate or if the area maintains its current demographic balance.