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Demographics
Population
Median Income
Racial Distributions
Georgetown, Kentucky, exhibits a demographic profile categorized as "Low Diversity." As of 2022, the white population comprises 85% of the total, exceeding the 75% threshold for this classification. The city has experienced population growth from 31,132 residents in 2010 to 41,669 in 2022, an increase of 33.8%. The median income has risen to $74,036 in 2022.
Georgetown has maintained its "Low Diversity" status throughout the analyzed period. The white population decreased from 87% in 2013 to 85% in 2022. The Hispanic population doubled from 3% in 2013 to 5% in 2022. The "Two or More Races" category increased from 2% to 4% over the same period. These changes suggest a gradual move towards increased racial diversity.
The median income in Georgetown has shown a positive trend, rising from $64,689 in 2013 to $74,036 in 2022, an increase of about 14.4%. This growth has coincided with the population increase and subtle diversification, indicating a period of economic expansion that may be attracting a more diverse population.
The trends in Georgetown align with broader national patterns of increasing diversity in suburban and small urban areas. The growth in the Hispanic population and multiracial categories is consistent with national demographic shifts. However, the city remains less diverse than the national average, where non-Hispanic whites comprise about 60% of the population.
Georgetown is likely to continue its gradual diversification over the coming years. It may remain in the "Low Diversity" category in the near term, but there is potential for transition into a "Moderate Diversity" community if current trends accelerate. The Hispanic and multiracial populations are the most likely drivers of this change.
The steady income growth suggests continued prosperity, which may further attract diverse populations. It is important to monitor whether this growth remains inclusive across all demographic groups.
Georgetown is experiencing a slow but steady demographic evolution, moving towards greater diversity while maintaining economic growth. This transition, if continued, could lead to a more varied community composition in the future, potentially enhancing the city's cultural and economic dynamics.