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Demographic Analysis of Finley Farms: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Finley Farms, a neighborhood in Gilbert, Arizona, currently presents a demographic profile categorized as a "White Majority" community. As of 2022, the white population constitutes 69% of the total, with a median income of $92,719. Finley Farms has experienced demographic shifts over the past decade, transitioning from a homogeneous community to one with increasing diversity, particularly in terms of Black and Asian populations.
From 2013 to 2019, Finley Farms maintained its status as a "White Majority" community with low diversity. The white population consistently represented over 70% of the total. A notable transition began in 2020, marking the neighborhood's evolution towards becoming a "Transitional Community." The most dramatic shift occurred between 2019 and 2020, where the white population decreased from 70% to 61%, while the Black population increased from 4% to 22%. The Asian population also saw growth during this period, increasing from 0% in 2013 to 7% by 2019, though it decreased in subsequent years.
By 2022, while still maintaining a "White Majority" status, the neighborhood showed signs of "Moderate Diversity," with white (69%), Black (15%), and Hispanic (7%) populations all having significant representation.
The median income in Finley Farms has fluctuated over the years, showing an overall increasing trend despite some dips. In 2013, the median income was $100,618, which increased to $108,591 by 2021, before decreasing to $92,719 in 2022. The period of significant racial demographic change (2019-2020) coincided with an increase in median income from $92,512 to $99,848. This suggests that the influx of new residents, particularly from the Black community, may have brought higher-income households to the neighborhood.
The population of Finley Farms has remained relatively stable over the decade, ranging from about 3,500 to 4,300 residents. The slight increase in population from 2019 to 2022 (3,567 to 4,337) aligns with the period of increased racial diversity, suggesting that new residents from various racial backgrounds contributed to this growth.
The demographic shifts observed in Finley Farms reflect broader national trends of increasing diversity in suburban areas. Many suburbs across the United States have been experiencing similar transitions, with growing populations of Black, Hispanic, and Asian residents. The median income in Finley Farms ($92,719 in 2022) is higher than the national median household income, which was about $70,784 in 2021. This suggests that Finley Farms remains an affluent neighborhood despite its demographic changes.
The rapid increase in the Black population from 2019 to 2020 is particularly noteworthy. It could be related to broader societal shifts, changes in local housing policies, or economic opportunities in the Gilbert area that attracted new residents.
Finley Farms exemplifies a suburban neighborhood in transition. While maintaining its status as a relatively affluent, white-majority area, it has shown significant strides towards greater racial diversity over the past decade. These changes, coupled with the neighborhood's economic stability, suggest a dynamic and evolving community that may continue to see further diversification in the coming years.
