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Demographics
Population
Median Income
Racial Distributions
Fremont, a neighborhood in Seattle, Washington, is characterized as a White Majority community with a median income of $110,294 as of 2022. The area has been experiencing a gradual shift towards increased diversity over the past decade.
In 2013, Fremont was categorized as Low Diversity, with the white population comprising 81% of residents. By 2022, the white population decreased to 72%, while Asian and Hispanic populations increased significantly. The Asian population grew from 6% in 2013 to 13% in 2022, and Hispanic representation doubled from 3% to 6% during the same period.
Alongside increasing diversity, Fremont has experienced significant economic growth. The median income rose from $80,733 in 2013 to $110,294 in 2022, an increase of about 37%. This growth outpaces inflation rates for the same period, suggesting real economic gains for residents.
The years of highest income growth (2019-2021) coincide with accelerated diversification, particularly in Asian and Hispanic populations. This correlation might indicate that the influx of new residents has contributed to the neighborhood's economic prosperity.
Fremont's demographic shifts mirror broader trends in Seattle and other major U.S. cities, where increasing diversity is often accompanied by economic growth. The neighborhood's population growth from 12,966 in 2013 to 14,761 in 2022 (about 14% increase) suggests a steady attraction to the area.
Fremont's evolution reflects a balance between maintaining its established character while embracing diversity and economic growth. This gradual transition may help mitigate some of the negative impacts often associated with rapid gentrification. However, the rising median income could also indicate potential affordability challenges for lower-income residents or newcomers.
In conclusion, Fremont exemplifies a neighborhood in transition, moving from Low Diversity to Moderate Diversity while maintaining its White Majority status. The correlation between increasing diversity and rising median incomes suggests a symbiotic relationship between demographic changes and economic growth, positioning Fremont as an evolving community within Seattle's urban landscape.