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Demographics
Population
Median Income
Racial Distributions
Montrose, a neighborhood in Wakefield, Massachusetts, is characterized as a Low Diversity community with a White Majority. As of 2022, the area has a population of 11,388 and a median income of $101,685. Montrose is located near Lake Quannapowitt.
Over the past decade, Montrose has maintained its status as a Low Diversity community with a White Majority. However, subtle signs of increasing diversity are evident. The white population has decreased from 93% in 2020 to 86% in 2022. The Asian population increased from 1% in 2021 to 6% in 2022. The Hispanic population increased from 2% in 2021 to 5% in 2022. The population of two or more races increased from 0% in 2013 to 3% in 2022.
The median income in Montrose has fluctuated but generally remained high. In 2013, it was $101,904. In 2018, it reached its lowest point in the dataset at $93,806. In 2022, it was $101,685. The population has grown from 9,975 in 2013 to 11,388 in 2022, a 14.2% increase.
Montrose's diversity increase is slower compared to national trends. Many urban areas in the U.S. are transitioning to Majority-Minority status, while Montrose maintains a White Majority. This suggests the area may be more resistant to broader demographic shifts seen nationally.
The median household income in Montrose ($101,685 in 2022) is higher than the national median ($70,784 in 2021), indicating it remains an affluent area. This economic stability might contribute to the slower pace of diversification, as high property values could limit accessibility for some demographic groups.
Montrose shows early signs of transitioning towards greater diversity, but remains a predominantly white, affluent neighborhood. The subtle demographic shifts and steady economic indicators suggest a gradual evolution rather than a dramatic transformation.