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Demographics
Population
Median Income
Racial Distributions
Templeton Place, a neighborhood in Gilbert, Arizona, exhibits a White Majority demographic composition with a median household income of $83,780 as of 2022. The neighborhood is characterized by moderate diversity, with a significant Hispanic population and a growing Asian community. Templeton Place has experienced notable fluctuations in both population and median income over the past decade.
Over the past decade, Templeton Place has consistently maintained its status as a White Majority community, with the white population remaining above 50% throughout the period. The Hispanic population showed growth from 10% in 2013 to a peak of 24% in 2019, before declining to 13% in 2022. The Asian population has steadily increased from 4% in 2013 to 14% in 2022. The Black population has remained relatively small, declining from 4% in 2013 to 0% in 2022. The community has maintained Moderate Diversity throughout the decade.
The median household income in Templeton Place has shown considerable volatility. From 2013 to 2019, the median income fluctuated between $80,991 and $91,669, without a clear trend. A significant spike occurred in 2020 and 2021, with median incomes reaching $109,919 and $106,853 respectively, coinciding with a period of lower population. In 2022, the median income dropped back to $83,780, closer to pre-2020 levels.
These economic shifts appear to correlate with demographic changes. The periods of highest Hispanic representation (2017-2019) coincided with relatively lower median incomes. The recent growth in the Asian population aligns with the period of higher median incomes in 2020-2021, though this correlation weakened in 2022. The overall population of the neighborhood has decreased from 349 in 2010 to 287 in 2022, which may have influenced income dynamics.
The median household income in Templeton Place ($83,780 in 2022) is likely above the national average, which was around $70,784 in 2021. The neighborhood's racial composition, while predominantly white, shows greater diversity than many suburban areas, particularly with its growing Asian population. The fluctuations in median income and population suggest that Templeton Place may be experiencing socio-economic changes typical of evolving suburban areas.
Templeton Place presents a picture of a White Majority, Moderately Diverse community that has experienced significant demographic and economic fluctuations over the past decade. These changes reflect a dynamic neighborhood undergoing transitions in its racial composition and economic status, potentially influenced by broader regional or national trends in suburban development and migration patterns.