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Demographics
Population
Median Income
Racial Distributions
The Lakefront neighborhood in Syracuse, New York, is characterized as a predominantly White Majority community with Low Diversity based on 2022 data. The white population comprises 83% of the total, indicating a homogeneous racial composition. The neighborhood's location near Onondaga Lake, which has undergone environmental restoration, may influence local demographics and economic trends.
Over the past decade, the Lakefront neighborhood has maintained its status as a White Majority community. From 2013 to 2016, there was a slight decrease in the white population from 81% to 75%, suggesting a trend towards Moderate Diversity. During this period, small increases in Asian and Black populations were observed. From 2017 onwards, the area reverted to a stronger White Majority, with the white population increasing to 83% by 2022. This shift coincided with a decrease in the Black population and fluctuations in other minority groups.
The Hispanic population has remained relatively stable, while the Two or More Races category has increased from 1% in 2013 to 6% in 2022, indicating a gradual trend towards a more mixed population. The demographic shifts in the Lakefront neighborhood correlate with economic trends. Median income has shown an upward trend, rising from $48,810 in 2013 to $61,087 in 2022, representing a 25% increase over the decade.
The period of slightly increased diversity (2013-2016) coincided with a relatively stable median income. As the area reverted to a stronger White Majority from 2017 onwards, there was a more pronounced increase in median income. The population has fluctuated over the years, with a notable increase from 4,998 in 2020 to 5,569 in 2022. This recent population growth aligns with the strengthening of the White Majority and the increase in median income.
The trend of increasing median income in the Lakefront neighborhood aligns with broader national trends of economic recovery and growth following the 2008 recession. The persistence of a White Majority in this urban neighborhood contrasts with many urban areas across the US that have seen increasing diversity over the past decade. The recent population growth in the Lakefront area may be indicative of urban revitalization efforts or increased attractiveness of lakefront properties, a trend seen in many waterfront urban areas nationwide.
The Lakefront neighborhood of Syracuse has maintained its status as a White Majority, Low Diversity community over the past decade, with a recent trend towards strengthening this demographic composition. This has been accompanied by significant economic growth, as evidenced by rising median incomes. The area's lakefront location and potential environmental improvements may have played a role in attracting new residents and bolstering property values, contributing to these demographic and economic trends.