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Demographics
Population
Median Income
Racial Distributions
Owensboro, Kentucky, as of 2022, is classified as a "Low Diversity" community. The city's population is 83% white, representing a strong racial majority. Over the past decade, the demographic landscape has shown gradual changes, indicating a slow increase in diversity and economic shifts.
From 2013 to 2022, Owensboro has consistently remained within the "Low Diversity" category. The white population decreased from 87% to 83%. The Black population remained stable at 5-6%. The Hispanic population increased slightly from 3% to 4%. The Asian population grew from less than 1% to 3%. The population identifying as two or more races increased from 1% to 3%. These changes, while modest, suggest a gradual transition towards greater diversity.
The median income in Owensboro has shown overall growth with some fluctuations. In 2013, the median income was $50,365. It decreased to $48,337 in 2016 but has since steadily increased, reaching $56,544 in 2022. This represents a 12.3% increase in median income from 2013 to 2022, outpacing inflation for most of this period. The economic growth appears to correlate with the increasing diversity, potentially indicating that the city is attracting a more diverse workforce.
Owensboro's trends align with broader national patterns of increasing diversity in smaller cities and gradual economic recovery post-2008 recession. However, Owensboro's diversity increase is slower than many urban areas across the U.S., which have seen more rapid demographic shifts.
Based on observed trends, Owensboro is likely to continue its gradual transition towards greater diversity over the next decade. While it may remain in the "Low Diversity" category in the near term, it could potentially shift towards a "Moderate Diversity" classification if current trends accelerate. Economically, if the upward trend in median income continues, it could further attract diverse populations seeking job opportunities.
The city may evolve into a "Transitional Community" status, experiencing more significant changes in its racial makeup, particularly with growth in Asian, Hispanic, and multiracial populations. Owensboro should prepare for potential challenges and opportunities associated with increasing diversity, such as the need for more inclusive community programs, diverse educational resources, and multicultural economic development initiatives.
This gradual transition could bring new perspectives, skills, and cultural enrichment to Owensboro, potentially driving further economic growth and community development.