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Commonwealth Neighborhood in Charlotte: A Study of Racial Demographics and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Commonwealth, a neighborhood in Charlotte, North Carolina, is categorized as a "Low Diversity" community with a "White Majority" as of 2022. The neighborhood's population has grown from 504 residents in 2010 to 1,794 in 2022. The median income in Commonwealth was $90,808 in 2022, indicating an affluent suburban area. The neighborhood is characterized by tree-lined streets and mid-century modern homes.
Throughout the analyzed period, Commonwealth has maintained its status as a "Low Diversity" neighborhood with a "White Majority." The white population percentage has fluctuated, reaching its lowest point of 73% in 2017 before increasing to 84% in 2022. The black population has gradually increased from 8% in 2013 to 11% in 2022, with a peak of 15% in 2017. There has been a small emergence of Hispanic residents (2% by 2022) and those identifying as two or more races (3% in 2022). These changes suggest a slow trend towards increased diversity.
The median income in Commonwealth has fluctuated considerably. It peaked at $119,752 in 2020, coinciding with the COVID-19 pandemic. There was a dip to $87,997 in 2017, aligning with the year of highest black population percentage. The 2022 figure of $90,808 represents a significant decrease from the previous two years but remains high overall. These income fluctuations, coupled with population growth, suggest potential economic diversification as the neighborhood slowly becomes more racially diverse.
The trends observed in Commonwealth reflect broader patterns seen in many American suburbs. Slow diversification of traditionally white, affluent suburbs is a national trend, often driven by middle-class minority families seeking better schools and housing. The income fluctuations, particularly the peak in 2020, align with national trends during the pandemic, where many high-income areas saw increased wealth due to stock market gains and reduced expenses. The recent dip in median income could indicate a broader economic shift or the influx of a more economically diverse population, a trend seen in many growing suburban areas nationwide.
Commonwealth remains a predominantly white, affluent neighborhood, but subtle shifts in its demographic and economic makeup suggest it may be in the early stages of transition. These changes align with broader national trends of suburban diversification and could potentially lead to a more diverse community in the coming years, both racially and economically. The challenge for Commonwealth will be managing this transition while maintaining its distinct character and high quality of life.
