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Demographics
Population
Median Income
Racial Distributions
New Albany, Ohio, exhibits a distinct demographic and economic profile as of 2022. The city has a population of 26,369 and a median income of $135,450, indicating an affluent community. New Albany is categorized as a city with "Low Diversity," with the white population comprising 74% of the total.
Over the past decade, New Albany has undergone a gradual transition from a community with very low diversity to one showing signs of increasing diversity, while remaining within the "Low Diversity" category. In 2013, the city was firmly in the "Low Diversity" category with 81% of the population being white. By 2022, this percentage had decreased to 74%, indicating a slow but steady diversification.
The most notable changes include an increase in the Black population from 4% in 2013 to 7% in 2022, growth in the Hispanic population from 1% to 5% over the same period, and a rise in individuals identifying as two or more races, from 4% to 7%. These shifts suggest that New Albany is slowly transitioning towards a more diverse community, though it has not yet reached the threshold for "Moderate Diversity" as defined in the study.
The demographic shifts have occurred alongside relatively stable economic conditions. The median income has fluctuated but remained high, increasing from $130,769 in 2013 to $135,450 in 2022. This suggests that the increasing diversity has not significantly impacted the overall affluence of the community.
The population has grown substantially, from 19,352 in 2013 to 26,369 in 2022, a 36% increase. This growth, combined with the diversification, indicates that New Albany is attracting a wider range of residents while maintaining its economic status.
New Albany's trends align with broader patterns seen in many suburban areas across the United States. Many affluent suburbs are experiencing gradual diversification, often driven by increasing Asian and Hispanic populations, as well as growth in multiracial identifications.
Based on the observed trends, New Albany is likely to continue its trajectory towards greater diversity. If current trends persist, within the next 5-10 years, New Albany might transition from "Low Diversity" to "Moderate Diversity" as defined in the study.
The white population percentage is decreasing by roughly 0.7 percentage points per year. If this trend continues, it could fall below 70% within the next 5-6 years. Simultaneously, if the growth in other racial groups continues, particularly among Black, Hispanic, and multiracial populations, two or three groups could each exceed 10% of the population.
Economically, the stability of the median income suggests that New Albany is likely to maintain its affluent status. However, the increasing diversity might lead to a wider range of income levels within the community.
New Albany appears to be on a path towards becoming a "Transitional Community," slowly evolving from a predominantly white, affluent suburb to a more diverse, but still economically prosperous area. This transition could position New Albany as a model for inclusive suburban growth in the coming decades.