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Demographic Analysis of Wood West Neighborhood: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Wood West, a neighborhood in Fort Collins, Colorado, is characterized by Low Diversity with a white majority of 76% as of 2022. The neighborhood's median income was $59,425 in 2022, indicating a moderate economic status. Wood West's proximity to Colorado State University likely influences its demographic composition and economic dynamics.
Over the past decade, Wood West has maintained a Low Diversity classification, with the white population remaining dominant. The white population decreased from 86% in 2013 to 76% in 2022, indicating a gradual diversification. The Hispanic population increased from 6% in 2013 to 14% in 2022, showing the most significant growth among minority groups. The "two or more races" category grew from 3% in 2013 to 8% in 2022, suggesting an increase in multiracial residents. These changes indicate that Wood West is showing signs of becoming a Transitional Community, slowly moving towards greater diversity.
The median income in Wood West has fluctuated over the years. From 2013 to 2022, income grew modestly from $56,275 to $59,425, representing a 5.6% increase over nine years. The neighborhood experienced a significant income peak of $66,811 in 2018, followed by a decline. The years 2020-2022 saw considerable income fluctuations, possibly reflecting economic impacts of the COVID-19 pandemic. The gradual increase in diversity correlates with modest income growth, suggesting that the neighborhood's economic status has remained relatively stable despite demographic changes.
The trends in Wood West align with broader national patterns. Many U.S. communities are experiencing gradual increases in diversity, particularly with growth in Hispanic and multiracial populations. As a neighborhood near Colorado State University, Wood West's demographics may be influenced by student and faculty populations, which often contribute to increased diversity and economic stability. The recent income volatility observed in Wood West mirrors national economic uncertainties, particularly in the context of the pandemic and its aftermath.
Wood West exemplifies a slowly transitioning community, moving from Low Diversity towards potentially Moderate Diversity in the coming years. While maintaining a strong white majority, the neighborhood is experiencing gradual demographic shifts, particularly in its Hispanic and multiracial populations. These changes, coupled with moderate income growth and recent economic fluctuations, suggest a community in subtle transition, balancing its established character with emerging diversity.
