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Demographic and Economic Trends in Observatory Village: A Study of Racial Composition and Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Observatory Village in Fort Collins, Colorado, is a neighborhood characterized by Low Diversity, with a white majority of 71% in 2022. The area has experienced economic growth, with median income increasing from $103,829 in 2019 to $125,824 in 2022. The neighborhood's proximity to Colorado State University may influence its demographic composition and economic status.
Over the past decade, Observatory Village has maintained a status of Low Diversity, with the white population dominating the racial composition. The white population percentage has decreased from 78% in 2013 to 71% in 2022. The Hispanic population has increased from 11% in 2013 to 15% in 2022. The Asian population has grown from 3% in 2013 to 7% in 2022. The percentage of residents identifying as two or more races has increased from 4% in 2013 to 6% in 2022.
The neighborhood has experienced economic growth correlating with its demographic shifts. Median income has increased from $110,459 in 2013 to $125,824 in 2022, a 13.9% increase. A notable spike occurred in 2021, with median income reaching $146,745, before slightly decreasing in 2022. Population has grown from 1,231 in 2013 to 1,808 in 2022, a 46.9% increase.
The trend of increasing diversity in Observatory Village aligns with national trends of growing diversity in suburban areas. The significant income growth in Observatory Village outpaces national averages, indicating a prosperous local economy. The neighborhood's proximity to Colorado State University likely contributes to its growing Asian population.
Observatory Village is experiencing a gradual transition from a predominantly white, affluent area to a slightly more diverse, yet still highly affluent neighborhood. This shift reflects broader national trends of increasing diversity in suburban areas. The correlation between rising incomes and increasing diversity suggests that the neighborhood is attracting well-educated, high-earning professionals from various backgrounds, possibly tied to the local university and the broader Fort Collins economy. As this trend continues, Observatory Village may eventually transition from Low Diversity to Moderate Diversity, potentially changing the social and cultural landscape of the area.
