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Demographic and Economic Analysis of The Avenue Neighborhood: A Hispanic Majority Community in Transition
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CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Avenue neighborhood in San Buenaventura, California, exhibits a Hispanic Majority demographic composition, with 65% of the population identifying as Hispanic in 2022. The median income of $56,317 categorizes The Avenue as a Majority-Minority community with moderate economic standing. The neighborhood is known for its historic charm and strong sense of community.
Over the past decade, The Avenue has maintained its status as a Hispanic Majority community. From 2013 to 2018, the Hispanic population increased from 67% to 75%. Post-2018, there has been a slight decline in the Hispanic population, dropping to 65% by 2022. Concurrently, there has been a small increase in diversity, with the Asian population growing from 1% to 2% and those identifying as Two or More Races increasing from 0% to 3% between 2013 and 2022.
The median income in The Avenue has shown significant fluctuations over the past decade. From 2013 to 2018, there was a general downward trend in median income, dropping from $48,896 to $46,047. From 2019 onwards, there has been a substantial increase, with median income rising to $63,333 in 2021 before slightly decreasing to $56,317 in 2022.
The demographic trends in The Avenue reflect broader patterns seen in many California cities, where Hispanic populations have grown significantly over the past few decades. The recent slight decline in the Hispanic majority and increase in other racial groups is indicative of a potential shift towards greater diversity, which is common in urban areas experiencing economic growth and gentrification.
The economic improvements seen in recent years, particularly the sharp increase in median income from 2019 to 2021, outpace the national average income growth during the same period. This suggests that The Avenue is experiencing localized economic development, possibly due to urban renewal initiatives or changing employment opportunities in the area.
The Avenue remains a Hispanic Majority community but shows signs of transitioning towards greater diversity and economic improvement. These changes may have significant implications for community dynamics, local businesses, and housing markets in the coming years. The neighborhood's ability to maintain its historic charm and strong community ties while adapting to these demographic and economic shifts will be crucial for its future development.
