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Demographic Analysis of Mary Munford: A Low Diversity Neighborhood in Richmond, Virginia
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Mary Munford, a neighborhood in Richmond, Virginia, exhibits characteristics of Low Diversity, with a predominantly white population of 90% in 2022. The area has a high median income of $93,446 as of 2022, which is significantly above the national average. Mary Munford is known for its tree-lined streets and well-maintained historic homes, reflecting its status as one of Richmond's more desirable residential areas.
Throughout the past decade, Mary Munford has consistently maintained its status as a Low Diversity neighborhood. The white population has remained the overwhelming majority, never falling below 87% since 2013. From 2013 to 2016, the neighborhood saw a slight increase in its white population, peaking at 98% in 2016. Post-2016, there has been a gradual, albeit small, decrease in the white population, dropping to 90% by 2022. The Hispanic population has shown a slow but steady increase, from 1% in 2013 to 3% in 2022. An interesting development is the emergence of a Native American population (3-4%) in 2021 and 2022, which was previously not reported.
The median income in Mary Munford has fluctuated over the years but has generally remained high. There was a significant increase from $83,408 in 2016 to $99,622 in 2017, coinciding with the period of highest white population percentage. The median income peaked at $106,173 in 2019 before declining somewhat in subsequent years. Despite some fluctuations, the median income has consistently remained above $90,000 since 2013, indicating a persistently affluent neighborhood.
The population of the neighborhood has remained relatively stable, hovering around 1,400-1,600 residents throughout the decade. This stability, combined with high incomes, suggests a well-established, economically secure community.
Mary Munford's demographic composition contrasts sharply with Richmond as a whole, which is known for its diversity. While Richmond has a significant Black population (approximately 47% as of 2020 census data), Mary Munford remains overwhelmingly white. This disparity highlights the existence of racial segregation within the broader urban area.
The neighborhood's high median income also stands in contrast to Richmond's overall median household income, which was around $51,421 in 2021. This significant disparity underscores Mary Munford's status as an affluent enclave within a city that has more economic diversity.
The slow increase in Hispanic population and the recent appearance of a Native American population, while small, mirror broader national trends of increasing diversity in urban areas. However, the pace of change in Mary Munford is much slower than national averages, suggesting strong socio-economic factors that maintain its current demographic composition.
In conclusion, while Mary Munford shows early signs of potentially becoming a Transitional Community, it remains a Low Diversity, high-income neighborhood. The slow pace of demographic change, coupled with consistently high median incomes, suggests that any significant shifts in the neighborhood's character are likely to be gradual and occur over an extended period.
