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Demographics
Population
Median Income
Racial Distributions
The University of Kentucky neighborhood in Lexington-Fayette, Kentucky, maintains a White Majority demographic profile. In 2022, 71% of the population identified as white. The neighborhood, characterized by its college student population, has a median income of $27,094. The University of Kentucky is recognized for its basketball program and academic strengths in agriculture and engineering.
The neighborhood has retained its White Majority status over the past decade, with a slight decrease from 77% in 2013 to 71% in 2022. This gradual decline indicates a slow trend towards increased diversity. Minor increases in Asian, Black, and Hispanic populations suggest a slow-paced Transitional Community characteristic.
The median income has shown an upward trend, increasing from $19,730 in 2013 to $27,094 in 2022, representing a 37% increase. This income growth correlates with the slight increase in diversity, potentially indicating the neighborhood's attraction to a more diverse group of students and young professionals with higher income potential.
Population figures have fluctuated over the decade, peaking at 8,333 in 2014 and declining to 6,015 in 2022. This decrease could be attributed to changes in university enrollment, housing policies, or off-campus living trends.
The demographic composition of this neighborhood, while slowly diversifying, contrasts with national trends towards increasing diversity in urban areas. The persistent White Majority status is likely influenced by the demographics of the University of Kentucky's student body and the broader demographics of Kentucky.
The income growth in this neighborhood outpaces the national average for similar periods. This could be attributed to factors such as increased financial aid, higher-paying part-time jobs for students, or an influx of graduate students and young professionals in the area.
The observed population decline in recent years may reflect broader trends in higher education, such as increased online learning options or changing preferences for student housing.
The University of Kentucky neighborhood maintains a White Majority status while showing signs of slow diversification and significant income growth. These changes, though gradual, may be reshaping the local community dynamics and could potentially lead to more pronounced shifts in the coming years if current trends continue.