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Demographics
Population
Median Income
Racial Distributions
Conway, Florida, is categorized as a "White Majority" community with moderate diversity. As of 2022, the white population constitutes 65% of the total, with Hispanic (20%), Asian (3%), and Black (5%) populations. The city's median income was $65,221 in 2022, an increase from a decade ago, indicating economic growth alongside demographic changes.
Over the past decade, Conway has undergone a gradual transition from a more homogeneous "White Majority" community towards increased diversity. The city has seen a decrease in the white population percentage from 67% in 2013 to 65% in 2022. This shift is accompanied by increases in Asian, Black, and multiracial populations, suggesting a trend towards a "Transitional Community." The Hispanic population has decreased from 27% in 2013 to 20% in 2022. The rise in residents identifying as two or more races (from 1% to 5%) is notable, indicating increasing diversity.
The median income has grown from $52,288 in 2013 to $65,221 in 2022, a 24.7% increase. This economic improvement correlates with the increasing diversity. The median income peaked at $71,893 in 2021 before declining slightly. The population has remained relatively stable over the decade, with a slight decrease from 15,983 in 2013 to 14,556 in 2022. This stability, combined with rising incomes, suggests that the area may be becoming more attractive to higher-income residents.
Conway's trends align with broader national patterns of increasing diversity in suburban areas. The growth in median income outpaces national averages, indicating that Conway may be experiencing faster economic growth than many similar communities.
Based on the observed trends, Conway is likely to continue its transition towards greater diversity. If current trends persist, the community might shift from a "White Majority" to a "Moderate Diversity" category within the next 5-10 years. The white population could potentially drop below 60%, while Asian, Black, and multiracial populations continue to grow. Economically, the area seems poised for continued growth, albeit potentially at a slower rate given the recent dip in median income.
Conway is a community undergoing significant demographic and economic changes. Its evolution from a predominantly white area to an increasingly diverse suburb with rising incomes reflects broader national trends of suburban diversification and economic development. The challenge for the future will be maintaining this positive trajectory of diversity and economic growth while ensuring inclusivity for all residents.