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Demographics
Population
Median Income
Racial Distributions
The Chestnut neighborhood in Austin, Texas, has undergone significant demographic changes from 2013 to 2022. As of 2022, it is classified as a "Moderate Diversity" community with a slight "White Majority" at 52%. The area has transformed from a predominantly lower-income neighborhood to a more affluent and diverse community. Chestnut's proximity to downtown Austin and its historical significance as one of the city's oldest African American neighborhoods have influenced its evolving identity.
In 2013, Chestnut exhibited a "Moderate Diversity" profile, with a White plurality (47%), Hispanic (30%), and Black (17%) populations. Over the next decade, the neighborhood transitioned through several diversity categories. From 2015-2016, the area shifted to a "White Majority" community, with the white population exceeding 50%. In 2017, the white population reached 61%, pushing the neighborhood closer to "Low Diversity" status. From 2018-2022, the community returned to "Moderate Diversity" with a consistent "White Majority" around 52-57%. These shifts indicate a gentrification process, with an influx of white residents potentially displacing or reducing the proportion of Hispanic and Black residents.
The demographic changes correlate with economic shifts in the neighborhood. The median income increased from $54,284 in 2013 to $100,848 in 2017, coinciding with the peak of white population percentage. Income levels remained high but fluctuated, reaching $79,696 in 2022, still significantly higher than the 2013 figure. The population grew from 1,735 in 2013 to 2,685 in 2022, indicating increased desirability and development in the area. The rapid increase in median income suggests that the influx of white residents brought higher-earning individuals to the neighborhood, potentially pricing out some long-term residents and altering the community's economic landscape.
The changes in Chestnut mirror broader trends of gentrification in many urban areas across the United States, particularly in cities experiencing rapid growth like Austin. The city has been known for its tech boom and increasing attractiveness to young professionals, which likely contributed to the demographic and economic shifts observed in Chestnut.
The neighborhood's transformation from a historically African American community to a more diverse, affluent area reflects similar patterns seen in other gentrifying neighborhoods nationwide. The retention of a significant Black population (20% in 2022) suggests some resilience of the original community in the face of rapid change.
The economic growth in Chestnut outpaced national trends. The median household income in the U.S. grew from about $52,000 in 2013 to around $70,000 in 2022. Chestnut's median income in 2022 ($79,696) surpassed the national average, indicating a more pronounced local gentrification effect compared to broader economic trends.
Chestnut's evolution over the past decade demonstrates a complex interplay of demographic and economic forces, resulting in a more diverse and affluent community. This has brought increased investment and higher incomes to the area, but it has also likely presented challenges related to affordability and community preservation for long-term residents.