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Demographic and Racial Composition Changes in Georgetown, Texas from 2021 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Georgetown, Texas, experienced significant demographic and economic changes from 2021 to 2022. The city transitioned from a "White Majority" with "Low Diversity" to a "White Majority" with "Moderate Diversity". In 2022, the white population comprised 66% of the total, with Hispanic residents forming a significant minority at 20%.
From 2021 to 2022, Georgetown's racial composition shifted notably. The Hispanic population decreased from 33% to 20%, while Asian (1% to 4%), Black (4% to 6%), and multiracial (1% to 3%) populations increased. This change marked the transition to "Moderate Diversity" from the previous "Low Diversity" classification.
These demographic shifts coincided with significant economic changes. The median income increased from $79,601 in 2021 to $97,533 in 2022, a 22.5% increase. The population grew from 75,407 in 2021 to 86,505 in 2022, a 14.7% increase. These changes suggest an influx of higher-income residents, particularly in the growing Asian and multiracial categories.
The rapid growth and diversification of Georgetown, coupled with significant income increases, suggest it may be following patterns seen in other fast-growing suburban areas near major metropolitan centers. The substantial increase in median income outpaces national averages, potentially indicating that Georgetown is becoming an increasingly desirable location for high-earning professionals.
Based on observed trends, Georgetown is likely to continue its trajectory towards increased diversity and economic growth. If current trends persist, the city might transition into a "High Diversity" category within the next 5-10 years, particularly if the Asian, Black, and multiracial populations continue to grow while the white majority decreases. The city may also become a "Transitional Community" if the growth in minority populations continues at its current pace.
Economically, the rapid income growth suggests that Georgetown may become increasingly affluent, potentially attracting more high-income residents and businesses. This could lead to further urbanization and development, which might attract an even more diverse population. The city's rapid changes may bring challenges such as potential gentrification, housing affordability issues for long-term residents, and the need for infrastructure and services to keep pace with population growth.
