Walnut Creek, California, a charming city located in Contra Costa County, has long been a desirable destination for families, professionals, and retirees alike. With its excellent schools, safe neighborhoods, and abundance of recreational activities, it's no wonder that Walnut Creek has experienced steady growth over the years. As of the latest available data, the population of Walnut Creek stands at approximately 65,805 residents, making it a thriving and vibrant community.
The city's population has been steadily increasing, with a growth rate of 3.2% between 2020 and 2022, outpacing the national average. This growth can be attributed to the city's strong economy, diverse job market, and high standard of living. Walnut Creek's population is projected to continue growing, with estimates suggesting a population of over 67,000 by 2025.
Demographic Breakdown of Walnut Creek
Walnut Creek's demographics reflect a diverse and affluent community. The city's population is comprised of 74.2% White, 16.3% Asian, 4.2% Hispanic or Latino, and 2.3% African American residents. The median age in Walnut Creek is 44.4 years old, with a relatively high percentage of residents holding a bachelor's degree or higher (63.2%).
| Demographic Category | Walnut Creek | National Average |
|---|---|---|
| Median Household Income | $123,445 | $67,149 |
| Median Home Value | $943,800 | $270,900 |
| Population Growth Rate (2020-2022) | 3.2% | 1.4% |
Age Distribution and Family Dynamics
Walnut Creek's age distribution is relatively evenly spread, with 22.1% of residents under the age of 18, 54.2% between 18 and 64, and 23.7% aged 65 or older. The city has a low divorce rate, with 47.2% of households being married couples, and an average household size of 2.63 people.
Key Points
- Walnut Creek's population stands at approximately 65,805 residents.
- The city has experienced a growth rate of 3.2% between 2020 and 2022.
- The median household income in Walnut Creek is $123,445.
- The city has a highly educated population, with 63.2% of residents holding a bachelor's degree or higher.
- Walnut Creek's population is projected to continue growing, with estimates suggesting a population of over 67,000 by 2025.
Economic Overview and Job Market
Walnut Creek's economy is driven by a diverse range of industries, including technology, healthcare, finance, and retail. The city is home to several major companies, including Oracle, Charles Schwab, and Kaiser Permanente. The job market in Walnut Creek is highly competitive, with a low unemployment rate of 2.5% and an average salary of $114,449.
Housing Market and Affordability
The housing market in Walnut Creek is highly competitive, with a median home value of $943,800. The city's rental market is also expensive, with a median rent of $3,301 per month. However, the city's high median household income and low poverty rate of 6.2% help to offset the high cost of living.
What is the population of Walnut Creek, CA?
+The population of Walnut Creek, CA stands at approximately 65,805 residents.
What is the median household income in Walnut Creek?
+The median household income in Walnut Creek is $123,445.
What is the median home value in Walnut Creek?
+The median home value in Walnut Creek is $943,800.
In conclusion, Walnut Creek, CA is a thriving and vibrant community with a strong economy, diverse job market, and high standard of living. The city’s demographics reflect a highly educated and affluent population, making it an attractive destination for families and professionals. While the cost of living in Walnut Creek is high, the city’s many amenities and attractions make it a desirable place to live and work.