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Demographics
Population
Median Income
Racial Distributions
Atwood, Colorado is classified as a Low Diversity community as of 2022. The white population comprises 84% of the total, exceeding the 75% threshold for this category. The city has a population of 1,272 and a median income of $60,841 as of 2022.
Over the past decade, Atwood has maintained its status as a Low Diversity community. The white population percentage has decreased from 96% in 2013 to 84% in 2022, indicating a gradual trend towards increased diversity. The Hispanic population has shown the most significant growth, increasing from 4% in 2013 to 11% in 2022. Other racial groups have maintained relatively small percentages, with slight increases in Asian and multiracial populations.
The median income in Atwood has shown an overall upward trend, increasing from $49,258 in 2013 to $60,841 in 2022, representing a 23.5% increase over the decade. There was a notable increase in median income between 2019 ($53,851) and 2021 ($66,790), followed by a slight decrease in 2022. This economic growth has occurred alongside the gradual increase in diversity.
Population trends have been relatively stable, with minor fluctuations. The population decreased from 1,337 in 2013 to a low of 1,149 in 2017. Since then, there has been a gradual increase back to 1,272 in 2022. These population changes do not appear to directly correlate with the demographic or economic shifts.
Based on the observed trends, it is predicted that Atwood is likely to continue its slow transition towards greater diversity. If current trends persist, the community may transition from Low Diversity to Moderate Diversity within the next 5-10 years. The Hispanic population is likely to continue growing, potentially reaching 15-20% of the population. The white population may decrease to around 75-80%, which would be at the threshold between Low and Moderate Diversity.
Median income is likely to continue its upward trend, barring any significant economic disruptions. While these changes are occurring, Atwood may begin to show characteristics of a Transitional Community, especially if the rate of demographic change accelerates. However, given the current slow pace of change, this transition is likely to be gradual rather than abrupt.
In conclusion, while Atwood remains a Low Diversity community with a strong white majority, it is showing signs of gradual diversification and economic growth. These trends, if continued, may lead to more significant demographic and economic shifts in the coming years, potentially altering the community's character and dynamics.