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Demographics
Population
Median Income
Racial Distributions
Belmont, California, a city of 4.64 square miles, has experienced significant demographic and economic changes from 2013 to 2022. As of 2022, with a population of 28,040, Belmont is classified as a "Majority-Minority" community. The white population, while remaining the largest single group at 47%, no longer constitutes a majority. This change reflects a trend towards increasing diversity in the city.
The demographic composition of Belmont has shifted noticeably over the past decade. In 2013, the white population comprised 57% of the total, decreasing to 47% by 2022. Concurrently, the Asian population increased from 21% to 29%. This demographic shift is likely attributed to factors such as immigration and changing settlement patterns in the San Francisco Bay Area. The Hispanic population has remained relatively stable, ranging from 12% to 14% throughout the period. The "Two or More Races" category saw a slight increase from 5% to 6%.
Alongside these demographic changes, Belmont has experienced substantial economic growth. The median income rose from $130,162 in 2013 to $159,422 in 2022, an increase of over 22%. This growth surpasses inflation rates and suggests an influx of high-earning professionals. The population grew from 26,426 in 2013 to 28,040 in 2022, an increase of approximately 6%.
The demographic shifts in Belmont align with broader trends observed in California and the San Francisco Bay Area, where many communities are becoming more diverse and experiencing increases in their Asian populations. The economic growth is consistent with regional trends, influenced by the expanding tech industry and high-paying jobs in nearby Silicon Valley.
Based on the observed trends, Belmont is projected to continue its trajectory towards greater diversity. The Asian population may continue to grow, potentially leading to a transition from a "Majority-Minority" community to one of "High Diversity" in the future. If current trends persist, the Asian population might approach or surpass the white population as the largest single group, though remaining below the 50% threshold for a majority.
Economically, the median income is expected to continue rising, possibly at a slower rate as the community reaches a saturation point for high-income residents. This could result in increased pressure on housing affordability, potentially impacting the diversity of new residents able to move into the community.
Belmont represents a "Transitional Community," evolving from a predominantly white, upper-middle-class suburb to a more diverse, affluent enclave reflective of the changing demographics and economic dynamics of the San Francisco Bay Area. This transition presents both opportunities and challenges as the community adapts to its evolving identity and socio-economic landscape.