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Demographics
Population
Median Income
Racial Distributions
Bucktown, a neighborhood in Chicago, Illinois, currently exhibits Low Diversity with a strong White Majority. As of 2022, the white population comprises 73% of the area, significantly outnumbering other racial groups. The neighborhood is characterized by its arts scene, boutiques, and upscale dining, reflecting its affluent status with a median income of $144,448 in 2022.
Over the past decade, Bucktown has maintained its White Majority status, with the white population consistently above 70% from 2013 to 2022. The Hispanic population, the second-largest group, has decreased from 16% in 2013 to 12% in 2022. The Asian population has slightly increased from 6% in 2013 to 7% in 2022. The population identifying as two or more races has grown from 2% in 2013 to 5% in 2022.
The demographic shifts in Bucktown correlate with economic changes. Median income has increased from $106,952 in 2013 to $144,448 in 2022, a 35% increase over nine years. The population has grown from 19,280 in 2013 to 20,396 in 2022, a 5.8% increase. These trends suggest gentrification processes that may be pricing out some lower-income residents.
Bucktown's demographic and economic trends align with patterns observed in many urban neighborhoods across the United States. The area's gentrification pattern, characterized by rising incomes and subtle demographic shifts, is common in many urban centers. The median household income in Bucktown ($144,448 in 2022) is significantly higher than the national median ($70,784 in 2021).
The slow increase in diversity, particularly in Asian and multiracial populations, reflects national trends of growing diversity in urban areas, although Bucktown's changes are less pronounced than in many other neighborhoods. The decrease in the Hispanic population percentage, while the overall population grows, suggests potential displacement issues common in gentrifying urban areas.
In conclusion, Bucktown remains a predominantly white, affluent neighborhood. Subtle demographic shifts and significant income growth over the past decade suggest a gradual trend towards increased diversity and higher affluence. These changes align with broader urban gentrification patterns observed nationally, positioning Bucktown as a microcosm of larger socio-economic trends in American cities.