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Demographic and Racial Trends in Newell: A Black Majority Neighborhood in Charlotte
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Newell, a neighborhood in Charlotte, North Carolina, is classified as a Black Majority community with a median income of $84,217 as of 2022. The neighborhood's population has grown from 6,208 residents in 2010 to 9,605 in 2022. This growth may be influenced by its proximity to the University of North Carolina at Charlotte.
In 2013, Newell was categorized as a Black Majority community, with 51% of the population identifying as Black. This categorization has remained consistent, with the percentage of Black residents fluctuating slightly, peaking at 54% in 2017 before settling at 50% in 2022. The Hispanic population has increased from 17% in 2013 to 19% in 2022, suggesting a transition towards increased diversity. The Asian population has decreased from 9% in 2013 to 5% in 2022, while the White population has remained relatively stable between 19% and 23% throughout the decade.
The median income in Newell has increased from $58,655 in 2013 to $84,217 in 2022, representing a 43.6% increase over nine years. This economic growth correlates with the demographic shifts, suggesting that incoming Hispanic residents may be contributing to economic growth, and potentially indicating gentrification processes or an influx of higher-income residents across racial groups.
The demographic shifts in Newell reflect broader trends seen in many urban areas across the United States, where increasing diversity and rising property values often coincide. The income growth in Newell outpaces the national average, which saw about a 13% increase in median household income from 2013 to 2021 based on U.S. Census Bureau data.
Newell's population growth of 54.7% from 2010 to 2022 is notable and may be attributed to its proximity to the University of North Carolina at Charlotte, Charlotte's growth as a financial center, and possible rezoning or new housing developments.
Newell represents a community that maintains its Black Majority status while transitioning towards greater diversity, particularly with Hispanic population growth. The concurrent economic uplift suggests a neighborhood experiencing changes in affordability and community composition while benefiting from increased investment and development.
