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Demographic and Economic Analysis of Lafortune Park Plaza - Key: A Predominantly White, High-Income Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Lafortune Park Plaza - Key, a neighborhood in Tulsa, Oklahoma, exhibits a low diversity demographic profile with a white majority of 83% in 2022. The area has a high median income of $98,244 in 2022, which is above the national average. The neighborhood is located near Lafortune Park, a recreational area with a golf course and sports facilities.
Over the past decade, Lafortune Park Plaza - Key has maintained its status as a low diversity neighborhood with a white majority. The white population has decreased from 91% in 2013 to 83% in 2022. The Hispanic population has grown from 3% in 2013 to 4% in 2022. The "Two or More Races" category has increased from 3% in 2013 to 9% in 2022.
The neighborhood has experienced economic growth over the past decade. Median income increased from $82,750 in 2013 to $98,244 in 2022, an 18.7% increase. There was an increase in median income between 2016 ($77,128) and 2017 ($98,246).
Population trends show a decline from 1,705 in 2013 to 1,621 in 2022. This, combined with rising incomes, may indicate a trend towards larger, more expensive homes or an aging population with fewer children per household.
The demographic trends in Lafortune Park Plaza - Key contrast with broader national trends towards increased diversity. The neighborhood remains predominantly white while the U.S. as a whole has been moving towards a "Majority-Minority" status. The neighborhood's economic growth outpaces national averages. The median household income in the U.S. grew from $51,939 in 2013 to $70,784 in 2021. Lafortune Park Plaza - Key's median income in 2021 was $95,816.
Lafortune Park Plaza - Key is a wealthy, predominantly white area that is slowly becoming more diverse while maintaining its high economic status. The neighborhood appears to attract affluent minorities and multiracial families. As this trend continues, it may gradually transition from low diversity to moderate diversity in the coming years, while likely retaining its high-income characteristics.
