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Demographics
Population
Median Income
Racial Distributions
Coldwater Springs, a neighborhood in Avondale, Arizona, exhibits a diverse demographic profile categorized as a "Majority-Minority" community with "Moderate Diversity" as of 2022. The Hispanic population constitutes a plurality at 44%, followed by the White population at 37%, with Black (12%) and Asian (4%) communities. The neighborhood's population increased from 6,255 in 2010 to 8,675 in 2022. Economically, Coldwater Springs' median income rose to $80,751 in 2022, indicating a trend towards increased affluence.
Over the past decade, Coldwater Springs has undergone a significant transformation in its racial composition. In 2013, the neighborhood had a "Hispanic Majority" with 52% of the population. By 2022, this shifted to a "Majority-Minority" status with "Moderate Diversity." This transition is marked by a gradual decrease in the Hispanic population percentage and increases in other racial groups, particularly White and Black populations.
The White population has shown fluctuations but overall growth, from 33% in 2013 to 37% in 2022. The Black population has remained relatively stable, around 10-12%. The Asian population, while small, has quadrupled from 1% in 2013 to 4% in 2022, indicating increasing diversity. This shift from a clear Hispanic majority to a more diverse community could be attributed to various factors such as changing immigration patterns, economic opportunities attracting a more diverse workforce, or broader demographic trends in the Phoenix metropolitan area.
The demographic shifts in Coldwater Springs have been accompanied by significant economic changes. The median income has increased from $60,969 in 2013 to $80,751 in 2022, representing a growth of about 32% over nine years. This substantial income growth correlates with the increasing diversity of the neighborhood.
The rise in median income could be a factor in attracting a more diverse population, particularly in terms of the growing White and Asian populations. It may also indicate improved economic opportunities for long-term residents, including the Hispanic community, which remains the largest single group despite its decreasing percentage. The population growth from 6,743 in 2013 to 8,675 in 2022 suggests that Coldwater Springs is an attractive destination for new residents, likely due to its improving economic prospects and increasing diversity.
The demographic and economic trends in Coldwater Springs reflect broader patterns observed in many suburban areas of major metropolitan regions across the United States. The shift towards greater diversity and increasing median incomes is consistent with national trends of suburbanization of minority populations and the growth of middle-class diverse communities.
The significant increase in median income in Coldwater Springs outpaces the national average and may be indicative of the broader economic growth in the Phoenix metropolitan area, which has been attracting businesses and professionals from various backgrounds. The transition from a Hispanic majority to a more diverse community mirrors trends seen in other rapidly growing Sunbelt cities, where traditional demographic patterns are evolving due to migration, economic development, and changing housing preferences.
Coldwater Springs exemplifies a "Transitional Community," evolving from a predominantly Hispanic neighborhood to a more diverse, affluent suburb. This transformation reflects both local dynamics and broader national trends towards increased suburban diversity and economic growth in emerging metropolitan areas.