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Demographic Analysis of Wood Street Neighborhood: Trends in Racial Composition and Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Wood Street neighborhood in Jonesboro, Arkansas, exhibits a low diversity demographic profile with a white majority comprising 95% of the population as of 2022. The area has experienced economic fluctuations over the past decade, with median income rising from $31,096 in 2013 to $59,242 in 2022, indicating an improvement in economic conditions. This neighborhood has shown rapid income growth, particularly in recent years.
The Wood Street neighborhood has maintained a white majority status from 2013 to 2022. From 2013 to 2016, the area experienced a slight increase in diversity, with the Black population rising from 9% to 19%. Post-2016, there was a gradual reversal of this trend, with the White population increasing from 78% in 2016 to 95% in 2022. The neighborhood has not experienced significant representation from other racial groups during this period.
The economic trajectory of the Wood Street neighborhood shows a correlation with its demographic shifts. The period of increased diversity (2013-2016) coincided with relatively stable median incomes, ranging from $29,325 to $31,766. As the neighborhood reverted to a stronger White majority post-2016, there was an upward trend in median income. The most significant income increases occurred in 2020 and 2022, with median incomes reaching $59,278 and $59,242 respectively.
Population figures have fluctuated over the years but show an overall increase from 1,661 in 2013 to 1,906 in 2022, suggesting the area has become more attractive to residents.
The trend towards increasing racial homogeneity in Wood Street contrasts with many urban areas across the U.S., which have typically been experiencing increasing diversity. The substantial income growth in recent years outpaces national averages, which have seen more modest gains. The correlation between increasing racial homogeneity and rising incomes is noteworthy and may reflect broader socio-economic patterns or local housing market dynamics.
The Wood Street neighborhood has undergone a demographic consolidation towards a stronger White majority over the past decade, coinciding with significant economic improvements. This trend raises questions about the factors driving these changes and their implications for community dynamics and local policy.
