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Demographic and Racial Analysis of Lakewood Neighborhood, Waterbury, Connecticut
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Lakewood, a neighborhood in Waterbury, Connecticut, is characterized as a White Majority community with moderate diversity. As of 2022, the neighborhood population was 3,878 with a median income of $73,641. Lakewood has undergone significant demographic and economic changes over the past decade, reflecting broader trends of increasing diversity and economic fluctuations observed in many urban areas across the United States.
From 2013 to 2022, Lakewood maintained its status as a White Majority community, with the white population ranging from 52% to 60%. The Hispanic population fluctuated between 19% and 28%, showing a slight overall increase. The Black population varied between 8% and 18% without a clear trend. The Asian population decreased from 3% to 0% over the period. The population identifying as two or more races increased from 1% to 5%, indicating a trend towards greater racial mixing.
The median income in Lakewood increased significantly, rising from $55,587 in 2013 to $73,641 in 2022, an increase of about 32%. This economic improvement correlates with some demographic shifts. The increase in median income coincides with a slight increase in the white population percentage, from 55% in 2013 to 59% in 2022. The rise in income also aligns with the growth in the multiracial population. The Hispanic population showed some fluctuation but remained relatively stable, while incomes rose, indicating potential economic gains for this group.
The population of Lakewood has remained relatively stable over the decade, with minor fluctuations, suggesting that the economic improvements were not driven by a significant influx of new residents but rather by economic gains within the existing community.
The trends observed in Lakewood reflect broader patterns seen in many American suburbs and small cities. The growth in the multiracial population and the fluctuations in minority groups align with national trends of increasing racial diversity in suburban areas. The substantial increase in median income over the decade outpaces national averages, suggesting that Lakewood has experienced stronger economic growth than many comparable communities. The relatively stable population size combined with demographic shifts indicates a community undergoing internal changes rather than rapid expansion or decline, a common pattern in established suburban neighborhoods.
Lakewood presents a picture of a White Majority community experiencing gradual diversification and significant economic improvement. These changes suggest a neighborhood in transition, balancing traditional demographic patterns with emerging diversity and economic growth. The community's ability to maintain population stability while increasing incomes and diversity could be seen as a positive indicator of its adaptability and resilience in the face of broader socio-economic changes.
