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Demographics
Population
Median Income
Racial Distributions
Todd Park, a neighborhood in Charlotte, North Carolina, exhibits notable demographic characteristics. As of 2022, it has a population of 1,127 and a median income of $29,640. The neighborhood is classified as a "Black Majority" community and is located near the University Research Park.
Over the past decade, Todd Park has experienced significant demographic changes. From 2013 to 2016, it maintained a "Black Majority" status with the Black population consistently above 60%. Between 2017 and 2021, a transition period occurred, shifting towards "Moderate Diversity." During this time, the Asian population increased, peaking at 26% in 2017, while the Black population decreased to around 51-62%. A significant "Two or More Races" category also emerged in this period. In 2022, the neighborhood reverted to a strong "Black Majority" (83%), with a sharp decline in Asian representation.
The median income in Todd Park has fluctuated considerably over the years. From 2013 to 2015, incomes rose from $32,712 to $36,257. In 2016, there was a sharp decline to $24,374. The period from 2017 to 2019 saw a recovery and growth to $38,434 in 2018, followed by a slight decline to $36,102 in 2019. From 2020 to 2022, another decline occurred, with income stabilizing around $29,000.
These economic changes correlate with demographic shifts. The period of highest diversity (2017-2021) coincided with generally higher median incomes, suggesting a potential relationship between increased diversity and economic benefits. The return to a strong Black majority in 2022 corresponded with a stabilization of income at a lower level than the peak years.
Population trends in Todd Park show volatility, ranging from a low of 710 in 2016 to a high of 1,634 in 2020. This volatility might reflect the neighborhood's sensitivity to economic and social changes, possibly influenced by its proximity to the University Research Park.
Todd Park's demographic evolution reflects broader national trends of increasing diversity in urban areas. However, the sharp return to a Black majority in 2022 is somewhat atypical and may be unique to local factors in Charlotte or this specific neighborhood. The income fluctuations in Todd Park are more pronounced than typical national trends, which generally showed steady growth in median incomes from 2014 to 2019, followed by pandemic-related instability. This suggests that Todd Park may be more economically volatile than the national average, possibly due to its specific local economic drivers or its connection to university-related activities.
In conclusion, Todd Park presents a dynamic picture of demographic and economic change, shifting between periods of increased diversity and strong Black majority status. These shifts, coupled with significant income fluctuations, indicate a neighborhood in flux, likely influenced by its unique position within Charlotte and its proximity to significant educational and research facilities.