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Demographic and Economic Analysis of Oakmont: A White Majority Neighborhood in Nashville
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CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Oakmont, a neighborhood in Nashville, Tennessee, exhibits a "White Majority" demographic profile with a median income of $161,953 as of 2022. This community has maintained its status as a predominantly white neighborhood throughout the past decade, with some fluctuations in diversity. Oakmont is known for its upscale residential areas and proximity to Nashville's urban amenities.
From 2013 to 2022, Oakmont has consistently fallen under the "White Majority" category, with the white population ranging from 67% to 84%. The neighborhood experienced its highest level of white concentration in 2016 at 84%. By 2018, there was an increase in diversity, with the white population dropping to 67%. The black population has shown significant fluctuation, rising from 6% in 2017 to 23% in 2022. The emergence of a significant "two or more races" category (11% in 2020) suggests a gradual shift towards a more diverse community profile.
The median income in Oakmont has shown volatility over the past decade. From 2013 to 2019, the median income remained relatively stable, around $130,000 to $140,000. A significant drop occurred in 2020 and 2021, with median incomes falling to around $90,000. In 2022, there was an increase to $161,953, the highest in the recorded period.
These economic shifts correlate with demographic changes. The period of increased diversity (2018-2021) coincided with a general decline in median income, suggesting that the neighborhood may have become more accessible to a broader range of residents during this time. The sharp income increase in 2022 occurred simultaneously with a slight reversal in diversity trends, potentially indicating a new wave of high-income residents moving into the area.
Oakmont's trends can be contextualized within broader national patterns. The neighborhood's median income consistently exceeds the national median, which was around $70,000 in 2021, highlighting Oakmont's status as an affluent area. The gradual increase in racial diversity, particularly the growth of the black population and multiracial residents, aligns with national trends of increasing diversity in suburban areas. The economic volatility observed, especially the dip in 2020-2021 and subsequent recovery, mirrors national economic patterns related to the COVID-19 pandemic and recovery.
Oakmont maintains its "White Majority" status, but shows signs of evolving into a more diverse community. The economic fluctuations, particularly the recent surge in median income, suggest that the neighborhood is experiencing dynamic changes that may continue to shape its demographic and economic profile in the coming years.
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