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Demographics
Population
Median Income
Racial Distributions
Millwood, Pennsylvania, is classified as a "Low Diversity" community. As of 2022, the population is 1,702 with a median income of $51,399. The racial composition is 94% white, with minimal representation from other racial groups.
Over the past decade, Millwood has maintained its "Low Diversity" status. The white population has remained above 90% throughout this period. Minor increases in diversity have been observed. The Hispanic population increased from 2% in 2013 to 3% in 2022. The Black population emerged at 1% from 2018 onwards. The Asian population appeared at 1% in the last two years of data.
The median income in Millwood has shown an overall positive trend. In 2013, it was $41,530, and in 2022, it reached $51,399, representing an increase of 23.8% over nine years. A notable dip occurred between 2013 and 2015, reaching a low of $38,992 in 2015 before rebounding and steadily increasing thereafter.
The population has fluctuated over the decade. It peaked at 2,299 in 2015 and decreased to 1,702 in 2022, representing a 26% decrease from the peak.
Based on observed trends, Millwood is likely to remain a "Low Diversity" community in the near future, but with a slowly increasing presence of minority groups. The Hispanic population shows the most consistent growth and may continue to increase.
Economically, further increases in median income may occur if the current trend continues. However, the declining population could impact future economic growth if it persists.
Millwood might eventually move towards a "Transitional Community" category, particularly if the Hispanic population continues to grow and if the recent emergence of Asian and Black residents represents a longer-term trend. This transition, if it occurs, would likely take many years at the current rate of change.
The community should monitor these demographic shifts and their potential impacts on local services, community needs, and economic opportunities. Gradual preparation for a slightly more diverse future could benefit long-term community planning and cohesion.