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Demographics
Population
Median Income
Racial Distributions
Key Meadows, a neighborhood in Indianapolis, Indiana, currently exhibits a Racial Plurality with a White plurality, as the white population comprises 54% of the total in 2022. The neighborhood is trending towards becoming a Majority-Minority community, with increasing diversity over the past decade. Economically, Key Meadows has experienced income growth, with the median income rising from $65,990 in 2013 to $77,836 in 2022.
In 2013, Key Meadows was categorized as having Low Diversity, with a White Majority (73% of the population). Over the decade, the neighborhood has undergone a Transitional Community phase, evolving into a more diverse area. By 2022, the white population decreased to 54%, while other racial groups, particularly Black and Hispanic populations, increased their representation.
The Black population increased from 16% in 2013 to 26% in 2022, while the Hispanic population doubled from 6% to 12%. This shift has moved Key Meadows from a Low Diversity category to a Moderate Diversity category, with three racial groups (White, Black, and Hispanic) each representing over 10% of the population.
Key Meadows has experienced steady economic growth alongside increasing diversity. The median income rose by approximately 18% from 2013 to 2022, outpacing inflation. This suggests that the neighborhood's increasing diversity has not impeded economic prosperity. The population has also grown moderately, from 15,120 in 2013 to 15,919 in 2022, indicating that the neighborhood remains attractive to new residents.
The demographic shifts in Key Meadows align with broader national trends of increasing diversity in suburban and urban areas. Many U.S. cities have seen similar transitions from predominantly white communities to more diverse neighborhoods over the past decade. The economic growth in Key Meadows has outpaced national averages for income growth during this period.
The neighborhood's evolution reflects a broader pattern of integration and economic development seen in many parts of the Midwest, where traditionally homogeneous communities are becoming more diverse while maintaining or improving their economic status. This trend suggests that diversity can be a driver of economic vitality.
Key Meadows represents a model of a Transitional Community, evolving from Low Diversity to Moderate Diversity while simultaneously experiencing economic growth. This transformation offers insights into the potential of demographic change when coupled with sustained economic development.