Loading Content...
Demographic Analysis of Zip Code 94706: Racial Diversity and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 94706 in Albany, California, is categorized as a "Moderate Diversity" area as of 2022. The population of 19,547 has a median income of $113,464. The community exhibits a mix of racial groups, with no single group constituting a majority. The Asian population (29%) and White population (45%) represent the largest segments.
Over the past decade, Albany has transitioned from a "White Majority" community to one of "Moderate Diversity." In 2013, the white population constituted 53% of the total. By 2018, this shifted to a "White Plurality" (47%), and has since stabilized around 45%. The Asian population has remained relatively stable between 25-29% throughout the decade. There has been a slight increase in the Hispanic population and a more significant rise in those identifying as two or more races.
The demographic shifts correlate with substantial economic growth. The median income has risen from $94,892 in 2013 to $113,464 in 2022, an increase of about 19.6%. This growth outpaces inflation for the same period. The population has also grown steadily, from 18,140 in 2013 to 19,547 in 2022, an increase of about 7.8%.
The trends observed in Albany align with broader patterns seen in many suburban areas near major metropolitan centers, particularly in California. The increasing diversity and rising incomes are characteristic of areas experiencing gentrification or becoming more attractive to highly educated, high-income professionals from various backgrounds.
The median income in Albany ($113,464) is significantly higher than the national median household income (about $70,784 in 2021), reflecting the high cost of living in the San Francisco Bay Area and the presence of well-paying jobs in the region. The increasing diversity in Albany, particularly the growth in Asian and multi-racial populations, mirrors trends seen in many parts of California and other coastal states.
Albany, CA (94706) has evolved from a predominantly white community to one of moderate and increasing diversity over the past decade. This demographic shift has been accompanied by significant economic growth, positioning Albany as an increasingly affluent and diverse suburb in the Bay Area. These changes likely reflect broader regional trends of increasing diversity and economic development in desirable suburban areas near major urban centers.
