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Demographic and Economic Trends in Oakwood Court: A Low Diversity, White Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Oakwood Court, a neighborhood in Columbia, South Carolina, is classified as a Low Diversity community with a White Majority. As of 2022, the neighborhood has a population of 249 individuals with a median income of $61,769. Oakwood Court has maintained a relatively stable racial composition over the past decade, despite fluctuations in its economic indicators.
Throughout the analyzed period (2013-2022), Oakwood Court has consistently remained a Low Diversity community with a White Majority. The white population has constituted over 75% of the total population each year, ranging from 84% to 92%. This stability in racial composition suggests a well-established community with limited influx of diverse populations.
There have been subtle changes within the minority populations. The Hispanic population fluctuated between 3% and 14%, showing some variability but no consistent trend. The Asian population increased slightly from 1% in 2013 to 3% in 2022. The Black population remained consistently low at around 1%. The population identifying as two or more races increased from 0% to 2% over the decade. These changes hint at a very slow trend towards slightly increased diversity, though not enough to shift the neighborhood out of the Low Diversity category.
The median income in Oakwood Court has shown a downward trend over the past decade. It peaked in 2013 at $85,434 and gradually declined to $61,769 in 2022. This represents a decrease of about 27.7% in median income over ten years. This economic decline coincides with a slight decrease in population from 308 in 2013 to 249 in 2022, suggesting possible out-migration of higher-income residents or broader economic challenges affecting the community.
The racial composition remained relatively stable despite this economic downturn, indicating that the economic changes affected the community broadly rather than disproportionately impacting specific racial groups.
The stability of the white majority in Oakwood Court contrasts with many urban areas across the U.S. that have seen increasing diversity over the past decade. The decline in median income is significant, especially as it outpaces inflation. This trend might reflect broader economic challenges in the region or specific local factors affecting this neighborhood. The slight increase in Asian population and those identifying as two or more races aligns with national trends of growing Asian-American communities and increasing multiracial identification.
Oakwood Court presents a case of demographic stability amid economic decline. While it remains a Low Diversity, White Majority community, subtle shifts in minority populations hint at potential for future changes. The significant drop in median income over the decade is a key concern that warrants further investigation into local economic factors and potential strategies for community development and economic revitalization.
