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Demographic Analysis of Roscoe Village: 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
Roscoe Village, a neighborhood in Chicago, Illinois, is categorized as "Low Diversity" based on its demographic composition. As of 2022, the white population comprises 72% of the neighborhood. The area has a high median income of $133,219 in 2022, which is above the national average. Roscoe Village is characterized by tree-lined streets, local boutiques, and a family-friendly atmosphere.
Over the past decade, Roscoe Village has maintained its "Low Diversity" classification, but has shown a gradual trend towards increased diversity. The white population decreased from 82% in 2013 to 72% in 2022, indicating a slow but steady shift towards greater racial diversity. The Hispanic population increased from 10% in 2013 to 15% in 2022, while the Asian population grew slightly from 5% to 6%. The percentage of residents identifying as two or more races increased from 1% to 5%.
The demographic shifts in Roscoe Village correlate with substantial economic growth. The median income rose from $110,057 in 2013 to $133,219 in 2022, representing a 21% increase over nine years. The population has remained relatively stable, fluctuating between 10,500 and 11,200 residents over the decade, suggesting that the neighborhood is becoming more affluent without significant changes in density or housing stock.
The gradual diversification of Roscoe Village aligns with broader trends seen in many urban neighborhoods across the United States. The pace of change in Roscoe Village appears to be slower than in some other gentrifying areas of major cities. The neighborhood's high median income and slow pace of diversification suggest a more gradual and economically driven demographic shift rather than rapid gentrification or displacement.
Compared to Chicago as a whole, which is categorized as a "Majority-Minority" city, Roscoe Village remains significantly less diverse. This contrast highlights the neighborhood's unique position within the broader urban context of Chicago. The economic growth in Roscoe Village outpaces national trends. While the U.S. median household income grew by about 10% between 2013 and 2022 (adjusted for inflation), Roscoe Village's growth of 21% is more than double the national rate.
Roscoe Village presents a picture of a slowly diversifying, high-income neighborhood that maintains its distinct character within Chicago. The gradual demographic shifts, coupled with significant economic growth, suggest a neighborhood in transition, albeit at a measured pace. This evolution may bring both opportunities and challenges as the community balances its traditional character with increasing diversity and affluence.
