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Demographic Analysis of Park Valley - Red Fork: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Park Valley - Red Fork, a neighborhood in Tulsa, Oklahoma, is characterized as a "White Majority" community with moderate racial diversity. As of 2022, the white population comprises 63% of the neighborhood, with a Hispanic presence of 19%. The area has experienced demographic shifts over the past decade, along with fluctuating economic conditions. The neighborhood has historical significance in Tulsa's oil industry, with Red Fork being the site of the first oil strike in Tulsa County in 1901.
Over the past decade, Park Valley - Red Fork has transitioned from a "Low Diversity" community to one with "Moderate Diversity." In 2013, the neighborhood was categorized as "Low Diversity" with a white population of 70%. By 2022, the community showed increased representation from other racial groups, particularly Hispanic and Black populations.
The Hispanic population increased from 9% in 2013 to 19% in 2022. This trend suggests that Park Valley - Red Fork could be classified as a "Transitional Community," with a trend towards increasing diversity. The Black population grew from 4% in 2013 to 10% in 2021, then decreased to 4% in 2022. The Native American population has remained relatively stable, fluctuating between 4-10% throughout the decade.
The neighborhood's economic landscape has shown volatility over the past decade. The median income increased from $34,259 in 2013 to $51,614 in 2021, representing a 50.7% growth. In 2022, it declined to $45,742. Periods of highest income growth appear to correlate with increases in racial diversity. The substantial income increase between 2018 and 2019 (from $35,523 to $47,104) coincided with an increase in the Hispanic population and a slight decrease in the white population.
The demographic shifts observed in Park Valley - Red Fork align with broader national trends of increasing diversity in suburban and urban areas. The growth of the Hispanic population reflects a nationwide pattern of Hispanic population growth and dispersal into new communities. The economic volatility experienced by the neighborhood may be reflective of broader economic trends such as the impact of the COVID-19 pandemic and subsequent recovery efforts.
Park Valley - Red Fork has undergone a transformation over the past decade, evolving from a low-diversity, predominantly white community to one with moderate diversity and a growing Hispanic population. These demographic shifts have occurred alongside notable economic changes, suggesting an interplay between racial composition and economic factors in this Tulsa neighborhood.
