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Demographic and Economic Trends in Moreno: A Study of Racial Composition and Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Moreno neighborhood in Moreno Valley, California, is characterized as a Majority-Minority community with a Hispanic plurality. As of 2022, the neighborhood has a population of 8,904 and a median income of $79,423. Moreno has experienced significant income growth over the past decade, particularly between 2019 and 2021, indicating a period of rapid economic change.
Over the past decade, Moreno has maintained its status as a Majority-Minority community. The Hispanic population has remained the largest group, consistently comprising around 50-58% of the population. The percentage of residents identifying as two or more races has increased from 1% in 2014 to 5% in 2022. The white population declined from 16% in 2013 to 8% in 2018, but has since increased to 24% in 2022. The Black population has remained relatively stable, between 20-26% throughout the decade.
The economic trajectory of Moreno shows an upward trend. Median income rose from $61,764 in 2013 to $75,597 in 2019, a 22% increase over six years. Between 2019 and 2021, median income increased from $75,597 to $98,528, a 30% increase in two years. In 2022, median income settled at $79,423, higher than pre-2020 levels.
The period of rapid income growth (2019-2021) coincides with an increase in the white population percentage and a slight decrease in the Hispanic percentage. This could indicate an influx of higher-income residents, potentially part of a gentrification process. The growth in the two-or-more races category aligns with the overall income increase, possibly indicating that mixed-race households are part of the neighborhood's economic ascent.
Moreno's Majority-Minority status aligns with growing diversity trends in many urban and suburban areas across the United States. The rapid income growth from 2019 to 2021 outpaces national averages and may reflect unique local factors such as changes in the job market, housing developments, or an influx of remote workers during the COVID-19 pandemic. The recent increase in the white population percentage, coupled with rising incomes, mirrors gentrification patterns seen in many urban areas nationwide.
Moreno presents a picture of a diverse, evolving community experiencing significant economic changes. The neighborhood's ability to maintain its Majority-Minority status while seeing substantial income growth suggests a complex interplay of demographic shifts and economic development.
