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Demographic Analysis of Norwood - Quince Neighborhood: A Study of Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Norwood - Quince neighborhood in Boulder, Colorado, is classified as a "Low Diversity" community with a White Majority as of 2022. The neighborhood has a median income of $161,258, which is above the national average. This area is located near the University of Colorado Boulder.
Over the past decade, Norwood - Quince has maintained its "Low Diversity" status with a White Majority. The White population decreased from 88% in 2017 to 79% in 2022. The Hispanic population decreased from 10% in 2013 to 5% in 2022. The population identifying as two or more races increased from 0% in 2015 to 12% in 2022. The Asian population increased slightly from 1% in 2015 to 3% in 2022.
The median income in Norwood - Quince has shown an upward trend. In 2013, it was $128,071. By 2017, it reached $149,770, and in 2022, it was $161,258. This represents a 26% increase in median income over a decade. The population figures have fluctuated, with a peak of 631 in 2020 and a decrease to 499 in 2022.
The demographic trends in Norwood - Quince reflect national trends of increasing diversity, but at a slower pace. The increase in the "two or more races" category aligns with national trends, as the multiracial population in the U.S. has been one of the fastest-growing segments in recent years.
Economically, the neighborhood's median income is more than double the U.S. median household income, which was around $70,784 in 2021. This highlights Norwood - Quince's status as an affluent area.
The neighborhood's proximity to the University of Colorado Boulder likely contributes to its demographic and economic profile. It may attract high-income academic professionals and create a more stable community compared to more transient university areas.
In conclusion, Norwood - Quince remains a predominantly white, high-income area. Subtle shifts towards increased diversity are evident. These changes, combined with rising incomes, suggest a gradual transition towards a more diverse, yet still affluent, community in the future.
