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Demographic Evolution of Silver Creek: Racial Composition and Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Silver Creek, a neighborhood in Gilbert, Arizona, exhibits characteristics of a White Majority community with high median income. As of 2022, the neighborhood demonstrates Low Diversity, with 75% of the population identifying as white. The median income of $152,080 in 2022 indicates an affluent community, significantly above the national average. Silver Creek has experienced substantial population growth over the past decade, increasing from 869 residents in 2010 to 2,473 in 2022, suggesting rapid development.
Over the past decade, Silver Creek has maintained its status as a White Majority community, but with changes in its diversity profile. In 2013, the neighborhood showed lower diversity, with 84% of the population identifying as white. By 2022, this percentage decreased to 75%, indicating a gradual shift towards increased diversity. The most significant change has been the growth of the Asian population, rising from 1% in 2013 to 13% in 2022. This trend suggests Silver Creek may be transitioning from Low Diversity to Moderate Diversity, with two racial groups now having significant representation.
The Hispanic population has fluctuated, peaking at 17% in 2018 before settling at 10% in 2022. This fluctuation, combined with the steady increase in the Asian population, indicates that Silver Creek could be classified as a Transitional Community, showing a trend towards increasing diversity over the last five years.
The demographic shifts in Silver Creek correlate with a substantial increase in median income. From 2013 to 2022, the median income rose from $117,348 to $152,080, an increase of nearly 30%. This economic growth coincides with the influx of Asian residents and the overall population increase, suggesting that the neighborhood is attracting high-income professionals, possibly in technology or other skilled sectors. The population growth from 869 in 2010 to 2,473 in 2022 indicates rapid development, likely including new housing construction to accommodate the influx of residents.
Silver Creek's trends align with patterns seen in many growing suburban areas across the United States. The influx of Asian residents, particularly in a high-income area, is consistent with national trends of increasing Asian representation in professional and tech-oriented communities. The median income in Silver Creek ($152,080 in 2022) is significantly higher than the national median household income, which was around $70,784 in 2021. This places Silver Creek in the upper echelons of affluent communities nationwide.
Silver Creek represents a rapidly growing, affluent community in transition. While still maintaining a White Majority status, it shows signs of increasing diversity, particularly with the growth of its Asian population. These demographic shifts, coupled with significant income growth, indicate a neighborhood that is attracting highly skilled, well-paid professionals from diverse backgrounds, potentially driven by job opportunities in nearby urban centers or within Gilbert itself.
