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Demographic and Economic Trends in South East Ravenswood: A White Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
South East Ravenswood in Chicago, Illinois, is characterized as a White Majority neighborhood with 73% of residents being white in 2022. The median household income in 2022 was $86,931. The neighborhood is known for its tree-lined streets and historic homes.
Over the past decade, South East Ravenswood has maintained its White Majority status. The white population percentage has fluctuated between 68% and 77%. The Hispanic population has shown the most variation, ranging from 13% to 23%. The Asian population has remained between 2% and 7%, while the Black population has not exceeded 5%.
The median household income in South East Ravenswood has increased from $67,014 in 2013 to $86,931 in 2022, representing a 29.7% growth. A notable spike occurred in 2021, with the median income reaching $99,062, before returning to a more consistent level in 2022.
Population figures have remained relatively stable, fluctuating between approximately 1,900 and 2,400 residents throughout the decade. This stability in population, combined with rising incomes, may indicate a trend of longtime residents benefiting from economic growth or the attraction of new, higher-income residents to the area.
The income growth in South East Ravenswood outpaces the national average. According to U.S. Census Bureau data, the national median household income grew by about 10% from 2013 to 2022, significantly less than the 29.7% growth seen in this neighborhood.
The neighborhood's racial composition, while showing some fluctuations, has remained more homogeneous than many urban areas across the U.S., which have generally trended towards increased diversity over the past decade.
The stability in population numbers contrasts with the rapid growth or decline seen in many urban neighborhoods across the country, suggesting that South East Ravenswood has maintained its appeal without experiencing dramatic gentrification or exodus.
South East Ravenswood presents a picture of a stable, predominantly white, increasingly affluent urban neighborhood. While it has experienced some minor shifts towards increased diversity, particularly in its Hispanic population, these changes have been gradual and have not fundamentally altered the neighborhood's demographic character. The area's economic trajectory suggests it remains an attractive location for middle to upper-middle-class residents, potentially positioning it as a desirable enclave within the broader context of Chicago's diverse urban landscape.
