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Demographics
Population
Median Income
Racial Distributions
Idlewild Farms, a neighborhood in Charlotte, North Carolina, currently exhibits a Moderate Diversity demographic profile with a slight Hispanic plurality. As of 2022, the neighborhood's population is 5,098, with a median income of $44,422. Idlewild Farms has undergone significant demographic shifts over the past decade, transitioning from a predominantly Black and Hispanic area to a more diverse community with growing Asian representation.
In 2013, Idlewild Farms was categorized as a Majority-Minority community, with Hispanic (44%) and Black (37%) populations forming the majority. By 2022, the neighborhood evolved into a Moderate Diversity area. The Hispanic population remained the largest group at 37%, followed by Black residents at 35%, with an increase in the Asian population from 3% in 2013 to 13% in 2022.
This transition reflects a Transitional Community, evident in the growth of the Asian population and the increase in residents identifying as two or more races (from 0% in 2013 to 4% in 2022). The White population has remained relatively stable, fluctuating between 9-15% throughout the decade.
The demographic shifts in Idlewild Farms correlate with changes in median income. From 2013 to 2022, the median income increased from $37,602 to $44,422, representing an 18% growth. This increase coincides with the rising Asian population and the overall trend towards greater diversity.
There was a significant jump in median income between 2018 ($41,358) and 2019 ($47,562), aligning with the period of most rapid growth in the Asian population (from 13% to 15%). This suggests that the influx of Asian residents may have contributed to economic growth in the neighborhood.
The population of Idlewild Farms has fluctuated, peaking at 5,939 in 2018 before declining to 5,098 in 2022. This population decrease, coupled with continued income growth, might indicate a shift towards higher-value properties or changing family sizes in the area.
The demographic changes in Idlewild Farms mirror broader trends seen in many urban areas across the United States, where increasing diversity and the growth of Asian and Hispanic populations are common. The neighborhood's transition from a predominantly Black and Hispanic area to a more diverse community with significant Asian representation is noteworthy.
The income growth in Idlewild Farms, while positive, appears modest compared to national trends. The U.S. median household income grew from $51,939 in 2013 to $70,784 in 2021, a 36% increase. In comparison, Idlewild Farms' 18% growth over a similar period suggests that while the neighborhood is experiencing economic improvement, it may be lagging behind national averages.
Idlewild Farms exemplifies a Transitional Community, evolving from a Majority-Minority area to one of Moderate Diversity. This demographic shift, particularly the growth in the Asian population, correlates with modest economic improvements. However, the neighborhood's economic growth appears to be slower than national averages, indicating potential areas for further development and investment to boost local prosperity.