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Demographics
Population
Median Income
Racial Distributions
Pitkin, Colorado, a small town with a population of 592 as of 2022, is categorized as having "Low Diversity" with a white majority comprising 80% of the population. The median income in 2022 was $54,901, showing a decrease from previous years.
Over the past decade, Pitkin has maintained its status as a "Low Diversity" community with a strong white majority. However, there are signs of increasing diversity. The white population has decreased from 98% in 2013 to 80% in 2022. The Hispanic population has grown from 0% in 2013 to 18% in 2022. The "two or more races" category has remained relatively stable, fluctuating between 0-3%.
The median income in Pitkin has fluctuated over the years. It peaked at $72,021 in 2017, dropped to $58,020 in 2019, rebounded to $67,500 in 2021, and decreased again to $54,901 in 2022. These economic fluctuations coincide with demographic changes. The population has grown from 421 in 2010 to 592 in 2022, a 40% increase.
Pitkin's demographic shift towards increased Hispanic representation aligns with broader trends seen in many rural American communities. The economic fluctuations may reflect national economic events such as the recovery from the 2008 recession and the impacts of the COVID-19 pandemic.
Based on observed trends, Pitkin is likely to continue its gradual transition towards greater diversity. If current trends persist, the Hispanic population may continue to grow, potentially reaching 25-30% within the next 5-10 years. The white majority may decrease but likely remain above 70% in the near term. Pitkin may transition from "Low Diversity" to "Moderate Diversity" within the next decade if the Hispanic population continues to grow and other minority groups begin to establish a presence.
Economically, the recent downward trend in median income is notable. If this continues, it could impact the town's ability to attract new residents and retain current ones. However, given the overall population growth, there may be underlying factors that continue to draw people to Pitkin despite economic challenges.
In conclusion, Pitkin is showing signs of a slow but steady demographic transition, moving from a highly homogeneous community to one with increasing diversity, primarily driven by Hispanic population growth. This shift, coupled with economic fluctuations, suggests that Pitkin is in the early stages of becoming a "Transitional Community," with potential for more significant changes in the coming years.