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Demographic Analysis of The Parkway: A White Majority Neighborhood with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Parkway neighborhood in Folsom, California, is characterized as a White Majority demographic area with a median household income of $171,432 as of 2022. This affluent community has maintained its predominantly white status over the past decade, with gradual shifts towards increased diversity. The Parkway is situated near Folsom Lake and features well-maintained parks and trails, contributing to its appeal among high-income residents.
From 2013 to 2022, The Parkway has consistently been categorized as White Majority, with the white population ranging from 58% to 69%. However, a trend towards increased diversity has been observed. The Asian population has remained relatively stable between 18% and 21%. The Hispanic population has grown from 15% in 2013 to 14% in 2022, with fluctuations in between. The Two or More Races category has increased from 2% in 2013 to 7% in 2022.
The Parkway has experienced significant economic growth over the past decade. The median household income has increased from $137,978 in 2013 to $171,432 in 2022, representing a 24% rise. This income growth has coincided with the gradual diversification of the neighborhood, indicating that the area has remained attractive to high-income residents across various racial groups.
The population has grown from 2,844 in 2013 to 3,353 in 2022, an increase of approximately 18%. This population growth, combined with rising incomes, suggests a thriving and desirable neighborhood that is attracting new residents while maintaining its economic status.
The demographic shifts observed in The Parkway align with broader trends seen in many affluent suburbs across the United States, where increasing diversity is gradually changing the landscape of traditionally white-majority areas. However, the rate of change in The Parkway appears to be slower than national averages, particularly in terms of Black representation, which remains minimal in this neighborhood.
The economic growth in The Parkway outpaces national trends. While the U.S. median household income grew by about 11% from 2013 to 2021 (adjusting for inflation), The Parkway's growth of 24% over a similar period is significantly higher, underscoring its status as an increasingly affluent enclave.
The Parkway remains a White Majority community but shows signs of gradual diversification, particularly with growth in Hispanic and multiracial populations. This shift towards Moderate Diversity, combined with strong economic growth, suggests a neighborhood in transition, albeit at a pace slower than national trends. The area's ability to maintain high income levels while becoming more diverse indicates its continued desirability across various demographic groups, potentially setting the stage for further diversification in the coming years.
