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Demographics
Population
Median Income
Racial Distributions
Tiffany Park in Renton, Washington, is categorized as a neighborhood with "Moderate Diversity" as of 2022. The community has a White Majority (54%), with significant Asian (22%) and Hispanic (12%) populations. The median income of $89,205 in 2022 indicates a relatively affluent area. Tiffany Park is known for its well-maintained parks and green spaces, contributing to its appeal as a residential area.
Over the past decade, Tiffany Park has undergone a gradual transition from a predominantly White community to one of increasing diversity. In 2013, the neighborhood was classified as having "Low Diversity" with a strong White Majority (58%). By 2022, it had evolved into a "Moderate Diversity" community, with the White population decreasing to 54% and other racial groups gaining representation.
The Asian population has remained relatively stable, fluctuating between 18% and 31% over the years. The Hispanic community has shown the most significant growth, increasing from 9% in 2013 to 12% in 2022. This trend suggests that Tiffany Park could be considered a "Transitional Community," especially regarding the Hispanic population's growth. The Black population has remained relatively stable, hovering around 6-10% throughout the decade. The emergence of a small but consistent Pacific Islander population (1-2%) and an increase in those identifying as two or more races (from 3% to 5%) further contribute to the neighborhood's growing diversity.
The demographic shifts in Tiffany Park have been accompanied by significant economic changes. The median income has increased from $72,643 in 2013 to $89,205 in 2022, representing a growth of about 23% over the decade. This trend suggests that the increasing diversity has coincided with growing affluence in the neighborhood. There was a sharp increase in median income to $105,210 in 2021, followed by a decline to $89,205 in 2022. This fluctuation could be related to broader economic factors such as the COVID-19 pandemic and its aftermath.
The population has remained relatively stable over the decade, with some fluctuations. It decreased from 2,633 in 2013 to a low of 2,317 in 2017, before rebounding to 2,799 in 2022. This stability, combined with rising incomes, suggests that Tiffany Park has maintained its desirability as a residential area while becoming more diverse.
The trends observed in Tiffany Park align with broader national patterns of increasing diversity in suburban areas. Many U.S. suburbs have been experiencing a shift from predominantly White communities to more diverse neighborhoods, particularly with growth in Asian and Hispanic populations. The income growth in Tiffany Park also reflects a national trend of rising incomes in suburban areas, especially those near major metropolitan centers. The median income in Tiffany Park ($89,205 in 2022) is significantly higher than the national median household income (about $70,784 in 2021), indicating that this neighborhood is more affluent than the average American community.
Tiffany Park exemplifies a suburban neighborhood in transition, moving from Low Diversity to Moderate Diversity over the past decade. This demographic shift, coupled with rising incomes, suggests a dynamic and evolving community that is becoming more representative of America's increasing multicultural makeup while maintaining its economic prosperity.