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Demographics
Population
Median Income
Racial Distributions
The Buckingham Lake - Crestwood neighborhood in Albany, New York, is classified as Low Diversity, with a white majority of 77% as of 2022. The area's racial composition has remained relatively stable over the past decade, with minor changes observed. The neighborhood is economically affluent, with a median income of $86,098 in 2022, exceeding the national average.
From 2013 to 2022, Buckingham Lake - Crestwood has consistently been categorized as Low Diversity, with the white population remaining the majority. The white population decreased from 79% in 2013 to 77% in 2022. The Black population increased from 4% in 2013 to 9% in 2022. The Asian population fluctuated between 5-9% over the decade. The Hispanic population increased from 2% to 4%. A "two or more races" category emerged, representing 3% of the population in 2022.
The neighborhood experienced economic fluctuations over the past decade. Median income increased from $82,141 in 2013 to $120,720 in 2021, before decreasing to $86,098 in 2022. The population remained relatively stable, changing from 5,142 in 2013 to 5,082 in 2022.
The demographic changes in Buckingham Lake - Crestwood align with national trends of increasing diversity in suburban areas, albeit at a slower rate. Many U.S. suburbs have experienced more rapid diversification, while this neighborhood's changes are more gradual.
The economic fluctuations, particularly the increase and subsequent decrease in median income between 2021 and 2022, may reflect broader economic trends related to the COVID-19 pandemic and its aftermath. The neighborhood's maintenance of a high median income despite these fluctuations suggests a resilient local economy.
Buckingham Lake - Crestwood remains a predominantly white, affluent neighborhood, with subtle demographic shifts indicating a slow transition towards greater diversity. This gradual change, combined with economic resilience, suggests a stable community that is slowly evolving in accordance with broader national trends towards increased diversity in suburban areas.