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Demographics
Population
Median Income
Racial Distributions
Ravenswood Gardens, a neighborhood in Chicago, Illinois, exhibits a "White Majority" demographic profile with a median income of $89,072 as of 2022. The neighborhood has maintained a relatively stable population of approximately 1,600 residents over the past decade. Ravenswood Gardens is characterized by tree-lined streets and historic bungalows.
Throughout the analyzed period (2013-2022), Ravenswood Gardens has consistently fallen under the "White Majority" category, with the white population comprising between 70-76% of residents. The neighborhood has shown signs of being a "Transitional Community," particularly regarding its Hispanic and multiracial populations. The percentage of residents identifying as two or more races increased from 3% in 2013 to 5% in 2022, while the Hispanic population fluctuated between 11-14% over the decade.
The Asian population in Ravenswood Gardens has seen an increase, doubling from 3% in 2020 to 7% in 2022, indicating a trend towards slightly increased diversity. The Black population has decreased from 4-5% in the early 2010s to 2% by 2022, suggesting a shift in the neighborhood's racial dynamics. Despite these changes, Ravenswood Gardens has maintained "Low Diversity" status throughout the period, with the white population consistently exceeding 70%.
The median income in Ravenswood Gardens has fluctuated over the past decade but has generally trended upward. From 2013 to 2022, the median income increased from $89,001 to $89,072, with variations in between. A significant increase occurred between 2020 and 2021, with median income rising from $86,322 to $96,897. The subsequent decrease to $89,072 in 2022 might suggest a normalization after the 2021 increase.
These economic trends correlate with the demographic shifts. The stability in median income aligns with the overall demographic stability, suggesting that the neighborhood has maintained its economic character despite minor shifts in racial composition. The increase in Asian population coincides with periods of higher median income. The slight decrease in the white majority percentage from 76% in 2020 to 71% in 2022 corresponds with a period of income fluctuation.
Compared to national trends, Ravenswood Gardens appears to be more economically stable than many areas. The median household income in the United States was $70,784 in 2021, lower than Ravenswood Gardens' $96,897 for the same year. This suggests that the neighborhood remains an affluent area within the broader context of American communities. The gradual increase in diversity aligns with national trends of increasing racial and ethnic diversity in urban areas. However, the pace of change in Ravenswood Gardens appears slower than in many other urban neighborhoods across the country.
In conclusion, Ravenswood Gardens has maintained its status as a predominantly white, affluent neighborhood. Subtle shifts towards increased diversity and economic fluctuations suggest a slowly evolving community landscape. These changes may continue to shape the neighborhood's character in the coming years, potentially leading to a more diverse and economically dynamic community in the future.