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Demographic and Racial Trends in Westlake Village, Colorado: 2013-2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Westlake Village, a neighborhood in Broomfield, Colorado, has undergone significant demographic changes from 2013 to 2022. The area transitioned from low diversity with a White majority to moderate diversity with a White plurality. As of 2022, the population comprises 54% White and 33% Hispanic residents. The neighborhood's median income increased from $92,830 in 2013 to $114,879 in 2022, indicating economic growth.
The Hispanic population in Westlake Village grew substantially from 14% in 2013 to 33% in 2022. The Asian population remained relatively stable at 3-5% throughout this period. There was a small increase in residents identifying as two or more races, rising from 3% to 6% between 2021 and 2022. These changes reflect a trend towards increased diversity in the neighborhood.
Westlake Village experienced economic growth alongside its demographic shifts. The median income rose by 23.8% from 2013 to 2022, outpacing inflation. Concurrently, the population decreased from 4,689 in 2013 to 3,648 in 2022. This combination of rising incomes and decreasing population may indicate a trend towards larger, more expensive homes and potentially smaller household sizes.
The peak median income of $135,718 in 2021 coincided with the lowest White population percentage (55%) and the highest Hispanic percentage (33%). This suggests that the influx of diverse, high-earning professionals may be driving both demographic and economic changes in the area.
The trends observed in Westlake Village align with broader patterns seen in many suburban areas across the United States, particularly those near major metropolitan areas. The increasing diversity, especially the growth in Hispanic population, reflects national demographic shifts. However, the economic growth in Westlake Village appears to be outpacing national averages.
The combination of increasing diversity and rising affluence in Westlake Village counters some historical patterns where increased diversity has been associated with economic challenges. Instead, Westlake Village seems to be attracting diverse, high-earning residents. This may be due to its strategic location between Denver and Boulder and the economic growth in the Colorado Front Range region.
Westlake Village exemplifies a suburban neighborhood in transition, evolving from a predominantly White, affluent area to a more diverse yet still prosperous community. This transformation reflects broader national trends of suburban diversification while maintaining economic strength, positioning Westlake Village as an attractive destination for a diverse range of affluent professionals.
