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Demographic Composition and Racial Trends in Colony West, Winston-Salem
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Colony West, a neighborhood in Winston-Salem, North Carolina, is classified as a Low Diversity community with a White Majority. As of 2022, the neighborhood had a population of 194 and a median income of $113,297. Colony West is known for its well-maintained green spaces and community gardens.
Over the past decade, Colony West has maintained its status as a Low Diversity community with a White Majority. The white population has remained above 75% throughout the period, ranging from 77% to 94%. There have been subtle shifts within this overall stability. The Asian population increased from 1% in 2013 to 9% in 2022. The percentage of residents identifying as two or more races increased from 1% in 2013 to 7% in 2022. The black population has remained relatively stable, fluctuating between 1% and 4% over the decade.
The median income in Colony West has fluctuated over the past decade but generally remained high. From 2013 to 2015, median income increased from $105,113 to $108,455. From 2016 to 2019, a downward trend occurred, with median income decreasing to $92,777 by 2019. From 2020 to 2022, a sharp increase brought the median income to $113,297, the highest in the recorded period.
These economic trends correlate with the demographic shifts. The increase in Asian population coincides with the overall increase in median income, particularly from 2020 onwards. The period of income decline (2016-2019) corresponds with a slight increase in racial diversity. The recent stabilization of both income and racial composition (2020-2022) might suggest that the neighborhood has reached a new equilibrium.
The median household income in Colony West ($113,297 in 2022) is higher than the national median household income, which was around $70,784 in 2021. The neighborhood's racial composition, with its strong White Majority, is less diverse than many urban areas in the United States. The gradual increase in Asian population aligns with broader national trends of growing Asian communities in suburban areas.
Colony West remains a Low Diversity, White Majority community. Subtle shifts in its demographic composition over the past decade suggest a slow trend towards increased diversity. This trend, coupled with the neighborhood's high and recently increasing median income, indicates a stable, affluent suburb that is gradually becoming more diverse, likely attracting high-income professionals from various racial backgrounds.
