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Demographic Analysis of Farview Neighborhood: White Majority with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Farview neighborhood in Independence, Missouri, is characterized as a White Majority community with Low Diversity as of 2022. The white population constitutes 79% of the neighborhood, with a median income of $56,764. Farview has undergone minor demographic changes over the past decade, moving towards slightly increased diversity while maintaining its overall racial composition.
From 2013 to 2022, Farview has consistently remained a White Majority community. The white population percentage decreased from 86% in 2013 to 79% in 2022. This shift indicates a slow transition towards increased diversity, though the neighborhood still falls under the Low Diversity category.
The Black population increased from 1% in 2013 to 8% in 2022, while the Hispanic population grew from 3% to 7% during the same period. This growth in minority populations suggests a trend towards a Transitional Community, albeit at a slow pace. The Asian population increased from 1% to 2%, while the Two or More Races category grew from 3% to 4%.
The median income in Farview has shown an overall upward trend, rising from $53,488 in 2013 to $56,764 in 2022. This represents a modest increase of about 6% over the decade. There was a significant jump in median income to $64,861 in 2021, followed by a decrease in 2022.
The population of Farview has fluctuated over the years, peaking at 4,687 in 2017 before declining to 3,584 in 2022. This population decrease coincides with the period of increased racial diversification, suggesting possible demographic turnover in the neighborhood.
The economic trends appear to have a complex relationship with the demographic shifts. While the neighborhood has become slightly more diverse, the overall economic status has remained relatively stable with modest growth, indicating that the demographic changes have not significantly altered the economic landscape of Farview.
The demographic shifts observed in Farview align with broader national trends of increasing diversity in suburban areas. However, the pace of change in Farview appears to be slower than many urban and suburban areas across the United States, which have experienced more rapid diversification over the past decade.
The economic stability of Farview, despite demographic changes, is noteworthy. Many communities undergoing demographic transitions often experience more significant economic fluctuations. Farview's ability to maintain and slightly improve its median income during this period of change suggests a relatively smooth integration of new residents into the local economy.
Farview remains a White Majority, Low Diversity community, but shows signs of gradual transition towards increased diversity. The economic resilience demonstrated during this period of demographic change positions Farview as a community managing slow but steady diversification while maintaining economic stability. This balanced approach to community evolution may provide insights for other neighborhoods navigating similar demographic shifts.
