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Demographics
Population
Median Income
Racial Distributions
Shannon Park, a neighborhood in Charlotte, North Carolina, has transitioned from a "Racial Majority" to a "Moderate Diversity" community between 2013 and 2022. The racial composition in 2022 consisted of 43% Black, 29% Hispanic, 15% White, and 10% Asian residents. The median income in 2022 was $38,898. The neighborhood is located near the University of North Carolina at Charlotte.
Shannon Park has experienced significant demographic shifts over the past decade. In 2013, the neighborhood had a 62% Black population, categorizing it as having a "Racial Majority." By 2022, no single group exceeded 50% of the population, leading to a "Moderate Diversity" classification. The Black population declined from 62% to 43%, while the Hispanic population increased from 22% to 29%. The Asian population grew substantially from 1% to 10%, and the White population increased slightly from 13% to 15%.
The neighborhood's economic landscape has evolved alongside its demographic changes. The median income increased from $29,926 in 2013 to $38,898 in 2022, representing a 30% rise. This economic growth correlates with the increasing diversity of the neighborhood. The initial increase in the Hispanic population (2013-2016) coincided with fluctuating median incomes. The significant rise in the Asian population (2018-2022) aligns with a general upward trend in median income.
The demographic shifts in Shannon Park align with broader trends seen in many urban areas across the United States. The increase in Hispanic and Asian populations reflects national patterns of growing diversity in metropolitan areas. The decrease in the Black population percentage may be influenced by local factors such as gentrification or changing housing policies.
The economic growth in Shannon Park, while positive, still places the neighborhood below the median household income for Charlotte as a whole, which was approximately $62,817 in 2020. This suggests that while the neighborhood is experiencing economic improvements, it may still face challenges in catching up to the broader city's economic status.
Shannon Park's evolution from a predominantly Black neighborhood to a moderately diverse community with improving economic indicators reflects broader urban demographic trends. The interplay between increasing diversity and rising median incomes suggests a relationship between demographic change and economic development in this Charlotte neighborhood.