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Demographics
Population
Median Income
Racial Distributions
Wells Park, a neighborhood in Albuquerque, New Mexico, exhibits a Hispanic Majority demographic composition with a median income of $37,414 as of 2022. The neighborhood falls under the "Low Diversity" category, with the Hispanic population consistently representing over 60% of residents throughout the past decade. Wells Park is known for its historical significance in Albuquerque, featuring some of the city's oldest buildings and a strong sense of community identity.
Over the past decade, Wells Park has maintained its status as a Hispanic Majority neighborhood, with the Hispanic population consistently representing between 56% and 70% of residents. This stability in racial composition suggests a well-established Hispanic community. The White population has decreased from 34% in 2013 to 22% in 2022. The Native American population has shown a slight increase, from 3% in 2013 to 6% in 2022. The Two or More Races category has grown from 3% in 2013 to 7% in 2022. These changes indicate a trend towards slightly increased diversity within the Hispanic Majority framework.
The median income in Wells Park has fluctuated significantly over the past decade. There was an increase from $32,791 in 2013 to $44,294 in 2017. This was followed by a decline to $31,150 in 2019. The income has since rebounded to $37,414 in 2022, though still below the peak seen in 2017. These economic fluctuations correlate with some demographic changes. The period of highest median income (2014-2017) coincided with a slightly higher percentage of White residents (38-40%). The sharp income decline in 2019 occurred alongside an increase in the Hispanic population to 70%, its highest point in the decade. The recent stabilization of income aligns with a more stable racial composition since 2020.
The median income in Wells Park ($37,414 in 2022) is likely below the national median income, which was around $70,000 in 2021. The strong Hispanic Majority in Wells Park is characteristic of many neighborhoods in the Southwest United States, reflecting broader regional demographic patterns. The fluctuations in median income, particularly the sharp decline in 2019, may reflect broader economic challenges faced by predominantly Hispanic communities nationwide.
Wells Park presents a picture of a stable Hispanic Majority neighborhood with subtle shifts towards increased diversity. The economic fluctuations over the past decade suggest a community that has faced challenges but shown resilience. The correlation between demographic shifts and economic trends highlights the complex interplay between race and economic opportunity in urban neighborhoods.