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Demographics
Population
Median Income
Racial Distributions
Oakville, Missouri, is characterized as a city with low diversity, having a predominantly White population of 90% in 2022. The median income was $93,066 in 2022, indicating a relatively affluent community. The city's population has shown minor fluctuations over the past decade but has remained relatively stable.
Over the past decade, Oakville has consistently maintained its status as a low diversity community. The White population has remained the racial majority throughout this period, although there has been a slight decrease from 96% in 2015 to 90% in 2022. This gradual shift suggests the beginnings of a transitional community, albeit at a slow pace.
The Hispanic population and those identifying as Two or More Races have shown the most significant increases, both growing from 1% in 2013 to 3% in 2022. The Black population has also seen a modest increase from 1% to 2% over the same period. These changes, while small, indicate a trend towards slightly increased diversity.
The median income in Oakville has shown a general upward trend, rising from $83,865 in 2013 to $93,066 in 2022, with a peak of $97,555 in 2021. This increase in median income correlates with the slight diversification of the population, suggesting that the community has attracted a more diverse, yet still affluent, population over time.
The population has remained relatively stable, peaking at 37,942 in 2017 and settling at 36,467 in 2022. This stability, combined with rising incomes, indicates a mature, established community that is experiencing gradual demographic changes without significant population growth or decline.
The trends in Oakville align with broader patterns seen in many suburban areas across the United States. Many predominantly white, affluent suburbs have experienced gradual increases in diversity over the past decade, often driven by economic opportunities and changing housing preferences among minority populations.
Based on the observed trends, Oakville is likely to continue its gradual transition towards increased diversity over the coming years. While it may remain categorized as low diversity in the near term, there is potential for it to shift towards moderate diversity if current trends accelerate.
The community might transition into a transitional community category more definitively in the next 5-10 years if the White population continues to decrease at its current rate, Hispanic, Black, and multiracial populations continue to grow, and economic opportunities continue to attract a more diverse population.
Given the slow pace of change, this transition is likely to be gradual. The community's high median income suggests it will remain an attractive area for affluent residents across racial groups, potentially leading to a more diverse but still economically homogeneous population.
In conclusion, while Oakville remains a predominantly White, affluent community with low diversity, subtle demographic shifts over the past decade hint at a slow but steady move towards greater racial diversity. This trend, coupled with rising median incomes, suggests a community in the early stages of demographic transition while maintaining its economic status.