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Demographic Analysis of Monticello: A Low Diversity, White Majority Neighborhood in Fort Worth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Monticello neighborhood in Fort Worth, Texas, is classified as a Low Diversity community with a White Majority. In 2022, 81% of the population identified as white. The median income in 2022 was $107,570, indicating Monticello's status as an affluent area within Fort Worth. The neighborhood is characterized by its historic charm, featuring many well-preserved homes from the early 20th century.
Over the past decade, Monticello has maintained its Low Diversity, White Majority status. The white population percentage has fluctuated, peaking at 90% in 2015 and 2021, and reaching its lowest point at 81% in 2022. This recent decrease suggests a potential trend towards increased diversity, though still within the Low Diversity category. The most significant change has been the growth of the Asian population, which increased from 1% in 2017 to 10% in 2022. The Hispanic population has shown fluctuations, peaking at 13% in 2018 and settling at 6% in 2022.
The median income in Monticello has demonstrated an overall upward trend, increasing from $100,241 in 2013 to $107,570 in 2022, with a notable peak of $128,886 in 2021. This economic growth correlates with the maintained White Majority status and the increase in Asian population, suggesting that the neighborhood is attracting affluent residents from diverse backgrounds. The population has remained relatively stable, fluctuating between 2,082 and 2,499 residents over the decade.
The demographic shifts in Monticello, particularly the increase in Asian residents, align with broader trends seen in many affluent suburban areas across the United States. Many such neighborhoods have experienced an influx of high-income Asian professionals, often working in technology, healthcare, or finance sectors. The neighborhood's consistently high median income, significantly above the national average, places it among the more affluent communities in the country.
In comparison to national trends, Monticello's slow pace of diversification is noteworthy. While many urban and suburban areas across the U.S. have seen rapid increases in diversity over the past decade, Monticello's changes have been more gradual. This could be attributed to factors such as the neighborhood's historical character, established community dynamics, or local housing policies.
The economic resilience of Monticello, evidenced by its consistently high median income even through national economic fluctuations, suggests a well-insulated community. This economic stability may have played a role in maintaining the area's demographic composition while slowly opening up to increased diversity.
In conclusion, while Monticello remains a Low Diversity, White Majority community, subtle shifts in its racial composition, particularly the growth in the Asian population, hint at a gradual transition towards greater diversity. This change, coupled with consistent economic prosperity, positions Monticello as a slowly evolving, affluent neighborhood that may continue to see incremental increases in diversity in the coming years.
