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Demographics
Population
Median Income
Racial Distributions
Concord, North Carolina, is categorized as a "Moderate Diversity" community based on its 2022 racial composition. The city has a population of 109,898 and a median income of $77,573. The racial composition shows no single group constituting a majority. The white population represents 49% of the total, followed by Black (24%) and Hispanic (15%) communities.
Over the past decade, Concord has transitioned from a "White Majority" community to its current "Moderate Diversity" status. In 2016, the city was categorized as having a "White Majority" with 64% of the population. By 2022, this percentage dropped to 49%, falling below the majority threshold. The Black population increased from 19% in 2016 to 24% in 2022, and the Hispanic population rose from 10% to 15% over the same period. The Asian population grew from 5% to 7%.
Concord's economic landscape has improved alongside its increasing diversity. The median income has risen from $60,107 in 2016 to $77,573 in 2022, a 29% increase over six years. The population has grown from 89,895 in 2016 to 109,898 in 2022, a 22% increase. This population growth, combined with rising incomes, indicates a robust local economy attracting new residents from various backgrounds.
Concord's trends align with broader patterns observed in many growing suburban areas across the United States. The shift towards greater diversity and concurrent economic growth is often seen in areas experiencing rapid development and attracting a skilled, diverse workforce.
Based on the observed trends, Concord is likely to continue its trajectory towards increased diversity. If current patterns persist, the city may transition into a "High Diversity" category within the next 5-10 years. This would occur if the white population continues to decrease below 40%, while other groups, particularly Black and Hispanic populations, continue to grow.
Economically, the upward trend in median income is likely to continue, albeit possibly at a slower rate as the rapid growth of the past few years stabilizes. The city's growing diversity may contribute to a more robust and resilient local economy, attracting diverse businesses and fostering innovation.
Concord represents a "Transitional Community" moving from a historically white-majority suburb to a diverse, economically vibrant city. This transition appears to be benefiting the community economically and is likely to continue shaping the city's character and opportunities in the coming years.