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Demographics
Population
Median Income
Racial Distributions
Cresent Bend, a neighborhood in Bloomington, Indiana, exhibits characteristics of Low Diversity, with a white racial majority comprising 76% of the population as of 2022. The neighborhood has experienced economic fluctuations over the past decade, with median income increasing from $20,921 in 2013 to $43,868 in 2021, before declining to $33,884 in 2022. This economic trajectory suggests a volatile local economy, possibly influenced by the presence of Indiana University in Bloomington.
Over the past decade, Cresent Bend has maintained its status as a Low Diversity community with a White Majority. The white population decreased from 83% in 2018 to 76% in 2022. The Asian population increased from 1% in 2018 to 3% in 2022. The "Two or More Races" category increased from 4% in 2013 to 9% in 2022. These changes indicate a gradual trend towards more diversity.
The neighborhood's economic landscape has undergone changes. Median income rose from $20,921 in 2013 to $43,868 in 2021, a 110% increase over eight years. There was a decline to $33,884 in 2022, representing a 23% drop in a single year. Population figures fluctuated, peaking at 2,375 in 2015 and declining to 1,667 by 2022.
The rapid income growth until 2021 coincided with a slight increase in diversity, suggesting that economic opportunities may have attracted a more diverse population. The income drop in 2022, coupled with a population decline, might indicate economic challenges that affected all demographic groups.
The gradual increase in diversity aligns with national trends of growing multiculturalism in many American communities. The rise and fall in median income may be related to local factors such as changes in the student population, shifts in the local job market, or impacts of the COVID-19 pandemic. The persistent White Majority in Cresent Bend contrasts with national trends towards increased diversity, particularly in urban areas.
Cresent Bend remains a Low Diversity community with a strong White Majority, with signs of gradual diversification. The economic fluctuations over the past decade have likely influenced and been influenced by these demographic shifts, creating a complex interplay between racial composition and economic prosperity in the neighborhood.