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Demographics
Population
Median Income
Racial Distributions
Ericsson, a neighborhood in Minneapolis, Minnesota, is classified as a Low Diversity area with a White Majority. In 2022, the white population constituted 86% of the total, exceeding the 75% threshold for Low Diversity classification. The neighborhood experienced population growth over the past decade, reaching 3,721 residents in 2022. Ericsson's median income was $93,934 in 2022, indicating an affluent community. The neighborhood is known for its proximity to Minnehaha Creek and its parks.
Throughout the period from 2013 to 2022, Ericsson maintained its status as a Low Diversity, White Majority neighborhood. The white population percentage decreased from 90% in 2013 to 86% in 2022. The Black and Hispanic populations each increased from 0% to 4% over the decade. The Asian population remained stable at 2-3%. These changes suggest a slow trend towards increased racial diversity.
The neighborhood experienced significant economic growth alongside its demographic shifts. Median income increased from $81,859 in 2013 to $93,934 in 2022, a 14.7% rise. The population grew from 3,074 in 2013 to 3,721 in 2022, a 21% increase. This economic growth correlates with the maintenance of the white majority and could be a factor in the slow pace of diversification.
Ericsson's slow pace of change contrasts with national trends of increasing diversity in metropolitan areas. However, the neighborhood's economic growth aligns with broader trends of urban gentrification and income growth in desirable city neighborhoods. The stability of Ericsson's demographic makeup, coupled with its economic growth, suggests a well-established community that has been resistant to rapid change.
The slight increase in diversity may indicate the beginning of a longer-term trend towards a more diverse community. This could potentially lead to a Transitional Community classification in the future if these trends accelerate. Factors such as zoning regulations, property values, or community preferences may contribute to the slow pace of demographic change.
Ericsson represents a prosperous, predominantly white neighborhood experiencing gradual diversification alongside strong economic growth. While it remains categorized as Low Diversity with a White Majority, the subtle demographic shifts and significant income increases over the past decade suggest a community in the early stages of transition, balancing tradition with emerging diversity.