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Demographic and Economic Shifts in Denver's Goldsmith Neighborhood: From Moderate Diversity to White Majority (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Goldsmith, a neighborhood in Denver, Colorado, transitioned from a moderately diverse to a white-majority community between 2013 and 2022. As of 2022, the white population constitutes 65% of the neighborhood, with Hispanic (14%) and Black (12%) residents forming significant minorities. The median income in 2022 was $63,829, indicating a middle-class economic profile. Goldsmith experienced substantial population growth and income increases over the past decade.
From 2013 to 2022, Goldsmith underwent a demographic transition. In 2013, the neighborhood had a more balanced racial composition with white (59%), Hispanic (23%), and Black (9%) populations. Over time, the white population increased while the Hispanic population decreased significantly. A notable shift occurred between 2019 and 2020, with the Hispanic population dropping from 20% to 10%, and the "Two or More Races" category increasing from 2% to 12%.
The demographic shifts in Goldsmith correlate with substantial economic growth. The median income more than doubled from $27,753 in 2013 to $63,829 in 2022. This increase coincides with the rise in the white population percentage and the decrease in the Hispanic population percentage. The population grew from 5,218 in 2013 to 5,655 in 2022, peaking at 6,126 in 2018.
The trends observed in Goldsmith reflect broader patterns of urban gentrification seen in many U.S. cities over the past decade. The increase in median income and shift towards a white majority are common indicators of this process. The retention of significant minority populations suggests that Goldsmith has maintained some level of diversity despite these changes.
The sudden shift in Hispanic and multiracial demographics between 2019 and 2020 coincides with the onset of the COVID-19 pandemic. This could have contributed to population movements or changes in how residents identified themselves in surveys.
Goldsmith's economic growth outpaces national trends. Its median income increased by 130% from 2013 to 2022, compared to the U.S. median household income growth of about 30% during a similar period. This suggests that Goldsmith has experienced particularly rapid economic development relative to national averages.
Goldsmith has undergone a significant transformation over the past decade, evolving from a moderately diverse, lower-income neighborhood to a more affluent, white-majority area with retained diversity. These changes reflect broader urban trends of gentrification and economic growth, while also presenting unique patterns that warrant further investigation into local policies and community dynamics that have shaped this evolution.
