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Demographics
Population
Median Income
Racial Distributions
Southlake, Texas, presents a case study of demographic and economic evolution over the past decade. As of 2022, the city is categorized as having "Low Diversity" with a White Majority, as the white population comprises 69% of the total. This categorization reflects a story of gradual change and increasing diversity. Southlake is an affluent community with a median income of $189,046 in 2022, experiencing significant demographic shifts while maintaining economic prosperity.
Over the past decade, Southlake has been transitioning from a community with extremely low diversity to one that is becoming increasingly diverse. In 2013, the city was categorized as "Low Diversity" with 83% of the population identifying as white. By 2022, while still in the "Low Diversity" category, the white population had decreased to 69%, just above the 75% threshold for this classification.
The most notable change has been the growth of the Asian population, which increased from 6% in 2013 to 16% in 2022. This shift suggests that Southlake is gradually moving towards a "Moderate Diversity" classification, with two racial groups (White and Asian) having significant representation. The Hispanic population has also seen modest growth, from 6% in 2013 to 10% in 2022, further contributing to the city's increasing diversity. These changes indicate that Southlake is becoming a "Transitional Community," with clear trends towards greater racial diversity over the past decade.
The demographic shifts in Southlake have occurred alongside steady economic growth. The median income has risen from $179,848 in 2013 to $189,046 in 2022, an increase of about 5% over nine years. This suggests that the increasing diversity has not negatively impacted the city's overall affluence. The influx of Asian residents, often associated with high educational attainment and professional careers, may have contributed to maintaining the city's high median income.
The population has grown moderately, from 28,592 in 2013 to 32,277 in 2022, indicating that Southlake remains an attractive destination for new residents, likely due to its strong economy and quality of life.
Southlake's demographic shifts align with broader national trends of increasing diversity in suburban areas, particularly those with strong economies. The growth in the Asian population is consistent with trends seen in other affluent suburbs across the United States, especially in tech-oriented regions.
Based on the observed trends, it is likely that Southlake will continue its trajectory towards greater diversity. If current trends persist, within the next 5-10 years, Southlake may transition from "Low Diversity" to "Moderate Diversity." The Asian population may continue to grow, potentially reaching 20-25% of the total population, while the white population could fall below 65%.
Economically, given the consistent growth in median income despite demographic changes, it is reasonable to expect that Southlake will maintain its affluent status. The increasing diversity may attract more businesses and professionals, potentially leading to further economic growth.
Southlake represents a community in transition, moving from a homogeneous, affluent suburb to a more diverse, yet still prosperous city. This gradual change offers a case study of how demographic shifts can occur within the context of sustained economic success.