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Demographics
Population
Median Income
Racial Distributions
Haverford College, Pennsylvania, as of 2022, is classified as a "White Majority" community with 63% of the population identifying as white. The community is showing trends towards increased diversity. The median income in 2022 was $90,352, indicating an affluent community, despite a significant decline over the past decade.
Over the past decade, Haverford College has been transitioning from a "Low Diversity" community towards "Moderate Diversity." In 2013, the white population constituted 77% of the total. By 2022, this percentage had decreased to 63%, while other racial groups saw increases. The Black population increased from 12% to 13%, the Hispanic population grew from 2% to 8%, the Asian population moved from 5% to 6%, and the population identifying as two or more races increased from 3% to 9%. This shift indicates a "Transitional Community," moving towards greater racial diversity.
As the community has become more diverse, there has been a decline in median income. In 2013, the median income was $115,388, peaking at $126,582 in 2018, before declining to $90,352 in 2022. This represents a 22% decrease in median income over the decade. The population has grown modestly, from 2,377 in 2013 to 2,501 in 2022, an increase of about 5.2%.
The trends observed in Haverford College are consistent with broader national trends towards increasing diversity in many communities. However, the sharp decline in median income is notable and may be specific to local factors or regional economic shifts.
Based on the observed trends, it is likely that Haverford College will continue its trajectory towards greater diversity. If current trends persist, within the next 5-10 years, the community may transition from "White Majority" to "Moderate Diversity" or potentially "High Diversity" if the growth rates of minority populations continue or accelerate.
Economically, the sharp decline in median income is significant. If this trend continues, it could alter the socioeconomic character of the community. However, given the community's historically high income levels, it may stabilize at a new equilibrium that still represents an affluent area, albeit less so than in previous years.
Haverford College is undergoing a significant demographic and economic transition. It is moving from a predominantly white, high-income area to a more diverse community with a more moderate income level. This transition may bring both opportunities and challenges as the community adapts to its changing composition and economic realities.