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Demographic and Economic Trends in Touchstone Village-Elm Lane: A Study of Low Diversity and Income Fluctuations
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Touchstone Village-Elm Lane in Charlotte, North Carolina, is classified as a Low Diversity neighborhood with a white majority of 86% in 2022. The area has experienced economic fluctuations over the past decade, with median income decreasing from $86,140 in 2019 to $53,897 in 2022. This neighborhood is characterized by its suburban nature and proximity to the Touchstone Golf Club.
From 2013 to 2022, Touchstone Village-Elm Lane maintained a white majority, consistently categorized as Low Diversity. Between 2013 and 2019, the neighborhood showed potential movement towards Moderate Diversity, with the white population decreasing from 85% to 78% and increases in Asian, Black, and Hispanic populations. However, from 2020 to 2022, this trend reversed, with the white population increasing back to 86%, reinforcing its Low Diversity status.
The neighborhood's economic trajectory aligns with its demographic shifts. From 2013 to 2019, median income remained relatively stable, ranging from $82,000 to $92,000, coinciding with the period of slight increase in diversity. Between 2020 and 2022, a significant decrease in median income occurred, dropping to $53,897 in 2022. This economic downturn coincided with the reinforcement of the white majority and reduction in diversity.
The trend in Touchstone Village-Elm Lane contrasts with many urban areas across the United States, which have generally seen increasing diversity over the past decade. The neighborhood's reversion to a stronger white majority and simultaneous economic decline is atypical and may reflect local factors specific to this area of Charlotte.
The sharp decline in median income since 2020 could be related to broader economic challenges, but the magnitude of the decline is more severe than national averages. This suggests that local factors, possibly related to changes in the job market or property values in this specific area of Charlotte, may be influential.
The persistence of Low Diversity in this neighborhood, despite brief periods of increasing diversity, indicates that it may be somewhat insulated from broader demographic trends affecting many American cities. This could be due to factors such as housing policies, local amenities, or specific employment opportunities that attract or retain a particular demographic.
Touchstone Village-Elm Lane presents a case of a neighborhood that has maintained its Low Diversity status despite brief periods of change, while simultaneously experiencing significant economic volatility. This pattern suggests a complex interplay between demographic composition and economic factors that warrants further investigation into local policies, housing markets, and employment trends specific to this area of Charlotte.
