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Demographics
Population
Median Income
Racial Distributions
Forest Home, a neighborhood in New York, presents a demographic landscape categorized as a "Transitional Community" with "High Diversity" as of 2022. The population of 4,419 is spread across 0.27 square miles. Forest Home is home to Cornell University's College of Veterinary Medicine.
In 2013, Forest Home had a "White Majority" with 73% of the population identifying as white. By 2022, the white population decreased to 42%, no longer constituting a majority. This shift moved Forest Home from a "White Majority" community to one of "High Diversity," with significant representations from multiple racial groups.
The Asian population increased from 10% in 2013 to 25% in 2022. The Black and Hispanic populations grew to 13% and 12% respectively by 2022. This evolution reflects a trend towards increasing diversity, solidifying Forest Home's status as a "Transitional Community."
The demographic shifts in Forest Home coincided with changes in median income. In 2013, the median income was $103,754. As the community became more diverse, there was a decline in median income, reaching $23,840 in 2021 before recovering to $28,385 in 2022.
This economic downturn could be attributed to changes in the local job market, shifts in the student population, or broader economic trends affecting the area. The correlation between increasing diversity and decreasing median income is notable.
The demographic shifts observed in Forest Home align with broader national trends towards increasing diversity in many urban and suburban areas. The rapidity and extent of the change in Forest Home are particularly striking.
The economic trends in Forest Home diverge from national patterns. The steep decline in median income observed in Forest Home is unusual and may be tied to local factors such as changes in the university's demographics or local economic conditions.
Forest Home exemplifies a community in transition, moving from a predominantly white, high-income area to a highly diverse neighborhood with significantly lower median income. This transformation reflects broader societal shifts towards diversity but also raises questions about the economic implications of rapid demographic change in small, education-centered communities.