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Demographics
Population
Median Income
Racial Distributions
Piedra, Colorado is classified as a "Low Diversity" community based on demographic data. As of 2022, the white population comprises 90% of the total, exceeding the 75% threshold for this classification. The community's current economic status indicates a median income of $39,568, which has decreased in recent years.
Over the past decade, Piedra has maintained its "Low Diversity" status, with minor shifts in demographic composition. The white population percentage has slightly decreased from 96% in 2013 to 90% in 2022. The Hispanic population increased from 3% in 2013 to 5% in 2020-2021, before declining to 2% in 2022. The "Two or More Races" category has shown the most growth, rising from 1% in 2013 to 5% in 2022. These changes indicate a slow trend towards increased diversity, although not sufficient to alter the community's classification.
The median income in Piedra has experienced a significant downward trend. It peaked at $57,893 in 2013 and decreased to $39,568 by 2022, representing a drop of over 31%. This decline coincides with a slight population increase from 277 in 2013 to 312 in 2022. The inverse relationship between population growth and median income decline suggests potential economic challenges in the area.
The trends in Piedra differ from typical national patterns, where many areas have experienced increasing diversity and generally rising median incomes until recent economic challenges. The persistent low diversity and declining income in Piedra suggest it may face unique local challenges or be part of a broader rural economic trend.
Based on observed trends, predictions for Piedra's future can be made. Demographically, if the slow diversification trend continues, the community might transition from "Low Diversity" to "Moderate Diversity" in the coming decade, likely driven by growth in Hispanic and multiracial populations. Economically, without intervention or changes in local conditions, the downward trend in median income may persist, potentially leading to further economic challenges.
Given these trends, Piedra might evolve into a "Transitional Community" over the next 5-10 years. This would be characterized by a more noticeable shift away from the current white majority, coupled with economic adjustments as the community adapts to changing demographics and potentially new economic realities.
In conclusion, while Piedra remains a predominantly white, low-diversity community, subtle demographic shifts and significant economic changes suggest a community in the early stages of transition. Monitoring these trends will be crucial for local policymakers and community leaders to address both the challenges and opportunities that may arise from these changes.