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Demographic and Racial Composition Analysis of Georgetown, Colorado: 2013-2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Georgetown, Colorado, a town with 1,138 residents in 2022, is categorized as "Low Diversity". The population is predominantly white, with 85% identifying as such in 2022. This classification has remained consistent over the past decade, though slight shifts in racial composition and economic landscape have occurred.
The percentage of white residents in Georgetown has decreased from 89% in 2013 to 85% in 2022, indicating gradual diversification. The Hispanic population increased from 9% in 2013 to 9% in 2022, with fluctuations in between. Other racial groups, including Black, Native American, and those identifying as two or more races, have maintained relatively stable but minimal representation.
Georgetown's median income has shown significant volatility over the past decade. The highest median income was recorded in 2014 at $67,971. A sharp decline occurred from $67,373 in 2018 to $40,805 in 2022, a decrease of nearly 40%. The population has remained relatively stable, fluctuating between about 1,100 and 1,300 residents throughout the period.
The gradual increase in Hispanic population aligns with broader trends seen across many parts of Colorado and the United States. However, the town's overall low diversity contrasts with the increasing diversity seen in many urban and suburban areas of Colorado. The sharp decline in median income is concerning and may be more severe than trends seen in comparable small towns, potentially indicating local economic challenges or changes in the job market.
Based on observed trends, Georgetown will likely continue its slow transition towards greater diversity over the next decade. While it may not reach the "Moderate Diversity" category in the near future, it could potentially be classified as a "Transitional Community" if current trends continue.
Economically, the sharp decline in median income is a significant concern. If this trend continues, it could lead to demographic changes as residents seek economic opportunities elsewhere. This could potentially accelerate the diversification process if new residents from more diverse backgrounds move in to fill any housing vacancies.
Georgetown remains a predominantly white, low-diversity community, but subtle demographic shifts and significant economic changes suggest a town in transition. The coming years will be crucial in determining whether these trends solidify into more substantial demographic and economic transformations.
