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Demographics
Population
Median Income
Racial Distributions
Reid Park, a neighborhood in Charlotte, North Carolina, exhibits a demographic profile characterized by a predominantly Black population, comprising 82% in 2022. The community has experienced economic growth over the past decade, with median income increasing from $20,924 in 2013 to $35,926 in 2022. This neighborhood demonstrates gradual economic improvement despite challenges often associated with predominantly minority urban areas.
Reid Park has maintained its status as a majority Black neighborhood throughout the analyzed period, with the Black population consistently above 80%. However, there are indications of a gradual shift towards increased diversity. The Black population has slightly decreased from 91% in 2013 to 82% in 2022. The Hispanic population has shown the most significant growth, increasing from 2% in 2013 to 14% in 2022. Other racial groups have maintained relatively stable, small percentages.
The neighborhood has experienced substantial economic growth. Median income has increased by approximately 71% from 2013 to 2022. The population has grown by about 26% in the same period, from 1,660 to 2,091 residents. This economic improvement correlates with the gradual diversification. The increase in Hispanic population coincides with the rising median income, potentially indicating that new residents are contributing to economic growth. The steady increase in population suggests that Reid Park is becoming a more attractive residential area, possibly due to improving economic conditions.
The median income growth in Reid Park (71% over 9 years) outpaces typical national wage growth rates, suggesting a period of accelerated economic development. The increase in Hispanic population aligns with broader national trends of growing Hispanic communities in urban areas. Despite the economic improvements, Reid Park's median income ($35,926 in 2022) likely remains below the national median, indicating ongoing economic challenges.
Reid Park exemplifies a neighborhood in transition. While maintaining its character as a predominantly Black community, it shows signs of gradual diversification and significant economic improvement. These trends suggest a community that is evolving and potentially becoming more resilient, though likely still facing socio-economic challenges common to urban minority neighborhoods. The correlation between increasing diversity and economic growth presents a case study in urban development and the potential benefits of demographic change.