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Demographics
Population
Median Income
Racial Distributions
The Volks neighborhood in Dearborn, Michigan, is characterized by Low Diversity with a White Majority comprising 92% of the population as of 2022. The neighborhood has experienced significant economic growth over the past decade, with median income increasing from $47,057 in 2017 to $94,786 in 2022. Volks has a historic connection to the automotive industry due to Dearborn's association with Ford Motor Company.
Over the past decade, Volks has maintained its status as a White Majority community, with the percentage of white residents remaining above 80%. From 2013 to 2016, the neighborhood showed signs of becoming slightly more diverse, with the white population decreasing from 80% to 87%. Post-2016, there was a trend towards lower diversity, with the white population increasing to 94% by 2021. The neighborhood has remained in the Low Diversity category throughout the decade.
The Black population in Volks has shown variability, peaking at 9% in 2013 and declining to 3% by 2022. The Asian population has shown a slight increase from 0% in earlier years to 3% in 2022. The economic trajectory of Volks has been positive, especially in recent years. From 2013 to 2016, median income decreased from $60,671 to $40,687. From 2017 onwards, there was an upward trend in median income, rising from $47,057 to $94,786 in 2022.
The economic growth in Volks coincides with the period of increasing racial homogeneity, suggesting a possible correlation between the increasing White Majority and rising affluence in the neighborhood. The population of Volks has remained relatively stable, fluctuating between 470 and 742 residents over the decade. The recent population growth from 656 in 2020 to 742 in 2022 aligns with the period of significant income increase.
Volks has become less diverse over time, contrasting with many urban areas across the United States that have been trending towards greater diversity. The rapid income growth in recent years outpaces national averages, suggesting that Volks may be benefiting from localized economic factors. The low diversity and high median income of Volks contrast with national trends towards increasing diversity and more moderate income growth.
Volks presents a case of a neighborhood that has maintained and increased its racial homogeneity while experiencing significant economic growth. This trend raises questions about the factors driving this demographic and economic evolution, and its implications for community dynamics and local policies in Dearborn.