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Demographics
Population
Median Income
Racial Distributions
Highland Terrace in Richardson, Texas, transitioned from a White Majority community to a Moderate Diversity community between 2013 and 2022. The neighborhood's racial composition in 2022 consisted of 42% White, 17% Asian, 17% Black, and 20% Hispanic populations. The median income increased from $65,904 in 2013 to $84,828 in 2022, indicating economic growth. Highland Terrace's proximity to the University of Texas at Dallas likely influences its demographic composition and economic dynamics.
The most significant demographic change in Highland Terrace was the decrease in the White population from 52% in 2013 to 42% in 2022. The Asian population increased from 18% in 2013 to 26% in 2020, before declining to 17% in 2022. The Black and Hispanic populations grew from 11% and 14% in 2013 to 17% and 20% in 2022, respectively. By 2022, Highland Terrace had become a Majority-Minority community, with minority groups comprising 58% of the population.
The economic trends in Highland Terrace showed substantial growth. The median income increase of 28.7% over nine years outpaced inflation, suggesting an influx of higher-income residents or improved economic opportunities. The population of Highland Terrace fluctuated, peaking at 8,610 in 2019 before declining to 7,717 in 2022.
The diversification of Highland Terrace aligns with trends observed in many American suburbs, particularly those near major metropolitan areas. The Dallas-Fort Worth metroplex has experienced significant growth in its Asian and Hispanic populations over the past decade. Highland Terrace's economic growth surpassed the national average, as the U.S. median household income increased from $51,939 in 2013 to $70,784 in 2021.
The transition to a Majority-Minority status in Highland Terrace reflects a nationwide trend, particularly in suburban areas near large cities. This demographic shift often results in cultural enrichment and economic dynamism but may also present challenges related to community cohesion and equitable resource allocation.
Highland Terrace exemplifies the changing demographics of American suburbs, transitioning from a predominantly white community to a diverse, economically vibrant area. These changes likely bring both opportunities and challenges as the community adapts to its evolving demographic and economic landscape.