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Demographic and Economic Analysis of Beverly Woods: A Low Diversity, White Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Beverly Woods, a neighborhood in Charlotte, North Carolina, is classified as a "Low Diversity" community with a "White Majority" (86% in 2022). The area has a high median income of $121,797 in 2022, which is above national averages. Beverly Woods is characterized by upscale residential areas and is located near SouthPark Mall, a major shopping destination in Charlotte.
Over the past decade, Beverly Woods has maintained its "Low Diversity" status with a "White Majority." The white population has remained between 84% and 88% from 2013 to 2022. The Asian population has increased from negligible levels in 2013 to 4% in 2022. The black population has fluctuated between 1% and 5% during this period. The Hispanic population reached 6% between 2016 and 2018 but decreased to 2% in 2022. The "two or more races" category grew from 2% in 2013 to 5% in 2022.
The neighborhood has experienced economic growth over the decade. Median income increased from $108,431 in 2013 to $121,797 in 2022, a 12.3% increase. The highest median income was recorded in 2021 at $139,754. The population grew from 5,502 in 2013 to 6,796 in 2022, a 23.5% increase.
The economic trends suggest that Beverly Woods has become more affluent, potentially attracting high-income residents, particularly from Asian backgrounds. The growth in population and income levels may be contributing to subtle increases in diversity.
Beverly Woods' slight increase in diversity aligns with national trends of increasing diversity in suburban areas, although at a slower pace than national averages. The neighborhood's high median income and growth rate exceed national figures, positioning it as an affluent enclave within Charlotte.
The neighborhood's economic prosperity and slow diversification may reflect patterns of economic segregation in American cities, where affluent areas tend to remain less diverse. However, the gradual increase in Asian residents and those identifying as multiracial suggests potential future changes in the neighborhood's demographic composition, albeit slower than many urban areas across the United States.
