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Demographic Analysis of Plaza Midwood: A Low Diversity Neighborhood Transitioning
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Plaza Midwood, a neighborhood in Charlotte, North Carolina, exhibits characteristics of Low Diversity, with a white population of 79% in 2022. The area has a median income of $103,257. Plaza Midwood is known for its mix of historic homes, restaurants, and arts scene.
Over the past decade, Plaza Midwood has maintained its status as a Low Diversity neighborhood. In 2013, the neighborhood was categorized as Low Diversity with 86% white population. By 2018, it reached 92% white population. Since 2018, there has been a gradual decrease in the white population, reaching 79% in 2022. This trend suggests a slow transition towards Moderate Diversity. The increase in Asian, Hispanic, and multiracial populations between 2013 and 2022 indicates a Transitional Community status.
The demographic shifts correlate with economic changes. Median income peaked in 2017 at $129,061, coinciding with the highest levels of white population (91%). As diversity slowly increased from 2018 onwards, there was a gradual decrease in median income, dropping to $103,257 by 2022. Despite this decrease, the median income remains high, suggesting that the increasing diversity is not dramatically altering the neighborhood's overall affluence.
The population has grown from 3,424 in 2013 to 4,482 in 2022, a 30.9% increase. This growth, combined with the increasing diversity and sustained high income levels, suggests that Plaza Midwood is becoming more attractive to a wider range of affluent residents.
Plaza Midwood's demographic evolution reflects broader trends seen in many urban neighborhoods across the United States. The high and sustained median income levels, coupled with increasing property values, suggest ongoing gentrification. While diversifying, the pace is slower than in many other urban areas, possibly due to the neighborhood's established affluence. The growth in population and slight increase in diversity may be attributed to younger, affluent professionals drawn to urban neighborhoods with character and amenities.
Compared to national trends, Plaza Midwood's diversity is increasing at a slower rate, and its income levels remain well above the national median. This suggests that while the neighborhood is changing, it's maintaining its status as an affluent, primarily white enclave within Charlotte.
Plaza Midwood is showing signs of a gradual transition from Low Diversity to potentially Moderate Diversity in the coming years. This shift, coupled with sustained high income levels and population growth, indicates a neighborhood in transition, albeit one that is managing to maintain its affluent character while slowly becoming more inclusive.
