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Demographic and Racial Shifts in Cobblecrest: From Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Cobblecrest, a neighborhood in St. Louis Park, Minnesota, currently exhibits characteristics of a White Majority community with Moderate Diversity. As of 2022, the white population comprises 67% of the residents, while other racial groups have significant representation. The neighborhood has experienced demographic shifts and economic growth over the past decade. Cobblecrest has seen an increase in its median income, rising from $66,378 in 2013 to $87,572 in 2022, suggesting a trend towards gentrification or increased affluence in the area.
Over the past decade, Cobblecrest has transitioned from a Low Diversity community to one of Moderate Diversity. In 2013, the neighborhood was categorized as Low Diversity, with the white population comprising 80% of residents. However, by 2022, this percentage had decreased to 67%, while other racial groups, particularly those identifying as two or more races, saw increases.
The most notable change has been the increase in the multi-racial population, from 2% in 2013 to 19% in 2022, indicating a Transitional Community. This shift suggests a growing acceptance of mixed-race families or individuals in the neighborhood, or possibly an influx of more diverse residents. The Black population has fluctuated over the years, peaking at 15% in 2016 before declining to 5% in 2022. The Asian population has remained relatively stable, hovering around 3-6% throughout the decade.
The demographic shifts in Cobblecrest have been accompanied by economic changes. The median income has increased from $66,378 in 2013 to $87,572 in 2022, representing a growth of about 32% over nine years. This growth outpaces inflation rates for the same period, suggesting real economic gains for the neighborhood's residents. The peak median income was recorded in 2021 at $102,343, before slightly decreasing in 2022. This could indicate a potential stabilization of economic growth or reflect broader economic trends affecting the region.
The population of Cobblecrest has grown over the decade, from 1,877 in 2013 to 1,974 in 2022, a modest increase of about 5%. This growth, coupled with the rising median income, suggests that the neighborhood has become increasingly attractive to new residents, possibly due to improved amenities, job opportunities, or overall quality of life.
The demographic shifts observed in Cobblecrest align with broader national trends towards increasing diversity in suburban areas. Many U.S. suburbs have been experiencing a transition from predominantly white communities to more diverse neighborhoods, particularly with growth in Asian, Hispanic, and multi-racial populations. The economic growth in Cobblecrest is notable, especially considering that it outpaced the national median household income growth. For context, the U.S. median household income increased from $51,939 in 2013 to $70,784 in 2021, a growth of about 36% over eight years. Cobblecrest's growth of 32% over nine years is comparable, indicating that the neighborhood has kept pace with national economic trends.
Cobblecrest has undergone a transformation over the past decade, evolving from a Low Diversity to a Moderate Diversity community with an economic uptrend. These changes reflect broader national patterns of suburban diversification and economic growth, positioning Cobblecrest as a dynamic and evolving neighborhood within St. Louis Park.
