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Demographic and Economic Analysis of Oak Park: A Low Diversity Neighborhood with White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Oak Park, a neighborhood in Traverse City, Michigan, is classified as a Low Diversity community with a White Majority. In 2022, 93% of its population identified as white. The neighborhood experienced economic growth over the past decade, with median income increasing from $65,885 in 2013 to $93,598 in 2022. Oak Park's location near Grand Traverse Bay contributes to its appeal and economic stability.
Throughout the period from 2013 to 2022, Oak Park maintained its Low Diversity status with a White Majority. The percentage of white residents decreased from 98% in 2013 to 93% in 2022. The percentage of residents identifying as two or more races increased from 0% in 2013 to 4% in 2022. A small Hispanic population (2%) emerged by 2022.
The neighborhood experienced substantial economic growth, with median income increasing by about 42% from 2013 to 2022. This growth correlates with subtle demographic shifts. The population remained relatively stable, increasing from 2,696 in 2013 to 2,754 in 2022.
Oak Park's economic growth outpaces national trends. The U.S. median household income grew by about 30% from 2013 to 2021, while Oak Park's grew by approximately 51% in the same period. This suggests that Oak Park is experiencing stronger economic growth than the national average.
The slow diversification of Oak Park aligns with broader national trends of increasing diversity, albeit at a much slower pace. Many urban and suburban areas across the U.S. have seen more rapid increases in diversity over the past decade.
Oak Park remains a Low Diversity, White Majority community, but shows early signs of potential demographic shifts. These changes, coupled with significant economic growth, may lead to more noticeable demographic transitions in the coming years if current trends continue. The neighborhood's economic prosperity could be a factor in attracting a more diverse population in the future, potentially moving it towards a Moderate Diversity classification over time.
