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Demographics
Population
Median Income
Racial Distributions
Riverside, Connecticut, exhibits a distinct demographic and economic profile as of 2022. The population of 20,408 has a median income of $164,185. The area is classified as "White Majority" with 67% of the population identifying as white. However, the community is showing indications of increasing diversity. Riverside is situated along the Long Island Sound and near New York City, making it an appealing suburb for high-income professionals.
Over the past decade, Riverside has transitioned from "Low Diversity" to "Moderate Diversity." In 2013, 77% of the population identified as white, categorizing the community as "Low Diversity." By 2022, this percentage decreased to 67%, moving into "Moderate Diversity" classification.
The Asian population increased from 9% in 2013 to 10% in 2022, while the Hispanic population grew from 9% to 13% during the same period. The "Two or More Races" category saw the most significant change, increasing from 2% in 2013 to 6% in 2022, indicating a trend towards a more multicultural community.
The median income in Riverside has remained consistently high throughout the decade, fluctuating between $160,629 and $175,537. This indicates that the area has maintained its status as an affluent community despite demographic changes. A slight decrease in median income from $171,813 in 2021 to $164,185 in 2022 coincided with a significant population increase from 17,459 to 20,408, potentially indicating an influx of residents with more diverse income levels.
The demographic shifts observed in Riverside align with broader national trends of increasing diversity in suburban areas, particularly those near major metropolitan centers. The growth in Asian and Hispanic populations, as well as multiracial individuals, reflects similar patterns seen in other affluent suburbs across the United States.
Riverside's median income is more than double the national figure, which was approximately $70,784 in 2022. This economic disparity likely influences the pace and nature of demographic changes in the area.
The community's transition towards greater diversity, while maintaining high income levels, suggests a selective integration process. The new diverse residents may primarily be high-income professionals, maintaining the area's economic status while gradually changing its racial composition.
Riverside is evolving from a predominantly white, low-diversity area to a more moderately diverse community, while maintaining its status as an extremely affluent neighborhood. This trend reflects broader national patterns of suburban diversification but occurs within a context of exceptional wealth, potentially buffering some of the socio-economic impacts typically associated with demographic shifts.