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Racial Composition and Economic Trends in Fair Oaks, Virginia: 2013-2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Fair Oaks, Virginia, is categorized as a "Moderate Diversity" community with a strong economic foundation. As of 2022, the city's population of 34,620 is composed of White (48%), Asian (27%), Hispanic (11%), and Black (10%) residents. The median income of $120,815 in 2022 indicates a relatively affluent community.
Over the past decade, Fair Oaks has maintained its status as a "Moderate Diversity" community. The White population has remained around 49-50%, the Asian population has shown a slight increase from 27% in 2013 to 28% in 2021, before returning to 27% in 2022. The Hispanic population has grown steadily from 8% in 2013 to 11% in 2022. The Black population has remained stable at around 9-10%. The percentage of individuals identifying as two or more races has slightly increased from 3% to 4% over the decade.
The median income in Fair Oaks has shown an upward trend, increasing from $112,169 in 2013 to $120,815 in 2022, an increase of about 7.7% over the decade. The population has grown steadily from 30,580 in 2013 to 34,620 in 2022, an increase of about 13.2%. This population growth, coupled with the rising median income, suggests that Fair Oaks has remained an attractive destination for diverse, affluent residents.
Fair Oaks's demographic composition and high median income suggest it is more diverse and affluent than many other areas in the United States. The gradual increase in diversity and steady economic growth aligns with broader trends seen in many suburban areas near major metropolitan centers.
Based on the observed trends, Fair Oaks is likely to continue its trajectory of gradual diversification while maintaining its economic strength. In the coming years, we might expect a potential transition towards "High Diversity" if current trends continue, continued steady growth in median income, sustained population growth, and a possible emergence as a "Transitional Community" if the growth rates of Hispanic and multiracial populations accelerate.
Fair Oaks represents a moderately diverse, economically robust community that is gradually becoming more diverse while maintaining its affluence. This gradual evolution reflects broader trends of increasing diversity in suburban America, particularly in economically thriving areas near major cities.
