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Demographics
Population
Median Income
Racial Distributions
Fulshear, Texas, has experienced significant demographic and economic changes from 2013 to 2022. The city's racial composition has shifted from a white majority to a moderate diversity status. As of 2022, the white population comprises 48%, with Hispanic and Asian populations at 27% and 13% respectively. The median income in 2022 was $149,737, indicating a high-income area.
Fulshear's demographic transition is evident in the decrease of the white population from 69% in 2013 to 48% in 2022. Concurrently, the Hispanic population increased from 16% to 27%, and the Asian population from 4% to 13%. The percentage of residents identifying as two or more races doubled from 2% to 4% during this period. These changes classify Fulshear as a transitional community.
The city's economic trends show fluctuations in median income. From 2013 to 2018, the median income increased from $147,543 to $166,702. However, a gradual decline followed, reaching $149,737 in 2022. This trend coincided with a rapid population growth from 3,815 in 2013 to 31,954 in 2022, representing an over 700% increase.
The initial rise in median income may be attributed to an influx of high-earning professionals from diverse backgrounds. The subsequent decline could be due to a broader range of income levels among new residents as the city expanded rapidly.
Fulshear's demographic shift towards greater diversity aligns with broader trends seen in many suburban areas across the United States. The high median income, even after recent declines, suggests that Fulshear remains an affluent suburb, likely attracting diverse, high-skilled professionals from nearby urban centers.
Based on observed trends, Fulshear is likely to continue its trajectory towards greater diversity. The city may transition into a high diversity category within the next 5-10 years if current trends persist. The white population may continue to decrease proportionally, while Hispanic and Asian populations are likely to grow.
Economically, the median income may stabilize or continue to decrease slightly as the population grows and diversifies further. However, given the city's current high income levels, it is likely to remain an affluent area even with some moderation in median income.
The rapid population growth suggests continued urban development, which may attract a wider range of income levels and further contribute to the city's diversification. This growth could potentially lead to new economic opportunities and challenges as the city adapts to its changing demographic landscape.
Fulshear exemplifies a transitional community moving towards greater diversity, with economic indicators reflecting both the opportunities and challenges of rapid growth and demographic change.