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Demographic Analysis of Wade Neighborhood: Low Diversity with White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Wade neighborhood in Raleigh, North Carolina, exhibits low diversity characteristics. As of 2022, the white population comprises 88% of residents. The median income in 2022 was $93,162, indicating Wade's status as an affluent area within Raleigh. Wade's location near North Carolina State University and the PNC Arena potentially influences its demographic composition and economic status.
Over the past decade, Wade has maintained its low diversity classification. The white population has remained dominant, with percentages ranging from 85% to 92% between 2013 and 2022. Minor shifts in minority populations have occurred. The Black population increased from 3% in 2013 to 4% in 2022. The Hispanic population grew from 1% in 2013 to 4% in 2022, showing the largest increase among minority groups. The Asian population remained relatively stable, fluctuating between 2% and 4% throughout the decade.
The median income in Wade has grown significantly over the past decade, rising from $84,454 in 2013 to $93,162 in 2022, an increase of approximately 10%. This trend suggests continued affluence in the neighborhood, potentially influencing its demographic composition. The highest median income was recorded in 2018 at $105,576, with slight fluctuations in subsequent years.
The population of Wade has remained relatively stable, ranging from 9,000 to 9,700 residents throughout the decade. A notable decrease in population occurred from 9,607 in 2021 to 8,803 in 2022, coinciding with a decrease in median income. This may indicate a shift in the neighborhood's composition, possibly related to housing market changes or broader economic factors.
Wade's demographic trends differ from national patterns. While the United States has been moving towards greater diversity, Wade has maintained its predominantly white population. However, the gradual increase in Hispanic and Black populations in Wade aligns with broader national trends of increasing diversity in urban and suburban areas.
The neighborhood's economic trajectory, with its rising median income, surpasses national averages. The U.S. median household income in 2022 was approximately $70,784, significantly lower than Wade's $93,162. This suggests that Wade remains attractive to high-income residents, which may contribute to its slower pace of diversification compared to national trends.
Wade has experienced subtle increases in minority populations over the past decade, yet it remains characterized by low diversity with a strong economic profile. The neighborhood's proximity to key institutions and its consistent economic growth likely contribute to its stable demographic composition, even as it shows signs of gradual change reflective of broader national trends towards increased diversity.
