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Demographics
Population
Median Income
Racial Distributions
The Reagan neighborhood in San Angelo, Texas, is classified as a Hispanic Majority community with 76% of the population identifying as Hispanic in 2022. This classification aligns with the "Racial Majority" category. The neighborhood has experienced economic fluctuations over the past decade, with median income increasing from $33,644 in 2019 to $45,223 in 2022. Reagan's proximity to Goodfellow Air Force Base is a notable feature that may influence its demographic composition and economic dynamics.
Throughout the decade, Reagan has maintained its status as a Hispanic Majority community. The Hispanic population has remained relatively stable, ranging from 71% to 79% between 2013 and 2022. The White population, the second-largest group, has shown fluctuation, increasing from 17% in 2013 to 25% in 2019, before settling at 22% in 2022. This slight increase in the White population suggests a gradual diversification, though not enough to shift the neighborhood from its Hispanic Majority status.
The median income in Reagan has shown significant volatility over the past decade. From 2013 to 2019, the neighborhood experienced a decline in median income, dropping from $40,203 to $33,644. However, there was an increase in 2020 and 2021, with median income reaching $52,863 in 2021 before decreasing to $45,223 in 2022. This recent upward trend in income could be attributed to various factors, including potential economic development initiatives or changes in the local job market.
The population of Reagan has fluctuated over the years, showing a general decline from 6,598 in 2013 to 5,894 in 2022. This population decrease, coupled with the recent increase in median income, might suggest a shift in the neighborhood's socioeconomic composition.
The demographic profile of Reagan, with its strong Hispanic majority, reflects broader trends in Texas, where the Hispanic population has been growing steadily. However, the neighborhood's racial composition is more heavily skewed towards the Hispanic population compared to Texas as a whole, which had a Hispanic population of about 40% in 2022.
The recent economic improvements in Reagan, particularly the sharp increase in median income from 2019 to 2022, outpace the overall economic growth in Texas during the same period. This suggests that local factors have had a significant positive impact on the neighborhood's economy.
In conclusion, Reagan has maintained its status as a Hispanic Majority community over the past decade while experiencing notable economic fluctuations. The recent upward trend in median income, coupled with a slight population decrease, indicates a changing socioeconomic landscape. These changes could have implications for community dynamics, housing affordability, and local businesses, potentially reshaping the character of the neighborhood in the coming years.