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Demographic and Economic Analysis of King-Thompson Neighborhood: Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The King-Thompson neighborhood in Marysville, Washington, exhibits characteristics of Low Diversity, with a white population of 75% as of 2022. The area has experienced significant population growth over the past decade, increasing from 2,090 residents in 2010 to 3,924 in 2022. The neighborhood's median income reached $93,341 in 2021 before declining to $70,637 in 2022. King-Thompson is located near Quilceda Creek.
From 2013 to 2022, King-Thompson maintained a White Majority status, with the white population percentage ranging from 75% to 85%. The white population decreased from 85% in 2017 to 75% in 2022. The Hispanic population increased from 4% in 2017 to 8% in 2022. The Asian population remained between 2-5% throughout the decade. The percentage of residents identifying as two or more races grew from 5% in 2013 to 10% in 2022.
The neighborhood experienced overall economic growth, with median income rising from $66,936 in 2013 to $70,637 in 2022, peaking at $93,341 in 2021. The rise in median income coincided with the growth in Hispanic and multiracial populations. The substantial population increase of 78% from 2010 to 2022 indicates the area's growing attractiveness. The recent drop in median income from 2021 to 2022 might be related to the rapid population growth.
The demographic shifts in King-Thompson align with broader national trends of increasing diversity in suburban areas. The neighborhood's rate of diversification appears slower than national averages. The economic growth, particularly the peak in 2021, may reflect the broader economic recovery and housing market boom experienced across many U.S. regions post-pandemic.
The significant population growth suggests King-Thompson might be part of a larger trend of suburban expansion in the greater Seattle metropolitan area. This expansion may be driven by people seeking more affordable housing options outside urban centers while maintaining access to job markets.
King-Thompson remains predominantly white but shows signs of a Transitional Community, gradually moving towards greater diversity. This transition, coupled with overall economic growth and substantial population increase, indicates a neighborhood in flux, likely influenced by broader regional economic factors and changing preferences in housing and lifestyle choices.
