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Demographics
Population
Median Income
Racial Distributions
Thousand Oaks, California, is currently classified as a "White Majority" city with a median income above the national average. As of 2022, the white population constitutes 61% of the total, with a median household income of $124,811. The demographic composition has been changing over the past decade, indicating increasing diversity and potential transition.
Over the past decade, Thousand Oaks has undergone a gradual shift from a "Low Diversity" community towards a more diverse demographic makeup. In 2013, the city had a "White Majority" with 67% of the population. By 2022, this percentage decreased to 61%, still maintaining a "White Majority" but moving closer to a "Moderate Diversity" classification.
The Hispanic population has exhibited the most significant growth, increasing from 19% in 2013 to 22% in 2022. This trend, combined with slight increases in other minority groups, suggests that Thousand Oaks is becoming a "Transitional Community," slowly moving away from its previously dominant white majority.
As the city has become more diverse, its median income has also increased. From 2013 to 2022, the median household income rose from $101,417 to $124,811, a 23% increase. This trend suggests that the increasing diversity has not negatively impacted the city's economic prosperity.
This trend of increasing diversity coupled with rising incomes is consistent with patterns seen in many affluent suburban areas near major metropolitan centers in the United States. The growth of the Hispanic population aligns with broader demographic shifts occurring across California and the nation.
Based on the observed trends, it is likely that Thousand Oaks will continue its trajectory towards greater diversity. If current patterns persist, within the next 5-10 years, the city may transition from a "White Majority" to a "Moderate Diversity" classification. The Hispanic population may continue to grow, potentially reaching or exceeding 25% of the total population.
Economically, if the correlation between increasing diversity and rising median income continues, further economic growth might be expected. However, external economic factors could impact this trend.
Thousand Oaks appears to be on a path of gradual diversification while maintaining its economic strength. This transition suggests a community that is adapting to changing demographics while preserving its overall prosperity. The city's evolution will be of interest, particularly in terms of how it balances its traditional character with its increasingly diverse population.