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Demographics
Population
Median Income
Racial Distributions
The SoMax neighborhood in Bloomington, Indiana, is characterized by low diversity with a predominantly White population of 87% in 2022. The area has experienced significant economic growth over the past decade, with median income increasing from $65,016 in 2013 to $127,799 in 2022. SoMax's proximity to Indiana University may influence its demographic composition and economic trends.
SoMax has maintained a low diversity categorization from 2013 to 2022. The White population has consistently remained the racial majority, never falling below 84% of the total population. Minor shifts have occurred within this demographic landscape. The Asian population decreased from 7% in 2013 to 3% in 2022. A "Two or More Races" category emerged, comprising 11% in 2020 and 10% in 2022, indicating a slight increase in racial mixing. Despite these changes, the neighborhood has not transitioned to a different diversity category.
The economic trajectory of SoMax has been positive. Median income nearly doubled from $65,016 in 2013 to $127,799 in 2022, signifying substantial economic growth. The population increased from 634 in 2013 to 796 in 2022, suggesting enhanced neighborhood attractiveness. The correlation between stable racial composition and rising incomes may indicate that economic growth has primarily benefited the existing White majority population. The slight increase in racial mixing coincides with the period of highest income growth, potentially suggesting that economic prosperity may be gradually attracting a more diverse population.
The median household income in SoMax ($127,799 in 2022) is significantly higher than the national median ($70,784 in 2021), indicating an affluent area. The persistent low diversity in SoMax contrasts with national trends towards increasing diversity in many urban and suburban areas. The neighborhood's proximity to Indiana University might explain its stable, predominantly White population, as it could be an area favored by university faculty and staff.
SoMax presents a stable, affluent, predominantly White neighborhood that has experienced significant economic growth over the past decade. While there are subtle signs of increasing diversity, the area remains categorized as low diversity. The economic prosperity and slight demographic shifts may indicate the beginning of a very slow transition, but it has not yet reached the threshold of a Transitional Community. The neighborhood's unique characteristics, likely influenced by its proximity to Indiana University, contribute to its distinct demographic and economic profile.