Loading Content...
Demographic Evolution of Oakhurst: From White Majority to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Oakhurst, a neighborhood in Charlotte, North Carolina, has a population of 2,842 and a median income of $49,443 as of 2022. The community has transitioned from a homogeneous composition to one with increasing racial diversity over the past decade. Oakhurst features a mix of older homes and new developments.
In 2013, Oakhurst had a White Majority, with 53% of the population identifying as white. By 2022, the white population increased to 58%, while still maintaining a White Majority status. The Black population decreased from 27% in 2013 to 20% in 2022. The Hispanic population increased from 7% in 2013 to 9% in 2022. The Two or More Races category rose from 0% in 2013 to 5% in 2022.
The demographic changes in Oakhurst have been accompanied by economic fluctuations. The median income increased from $34,115 in 2013 to $54,342 in 2019, then declined to $49,443 in 2022. Despite the recent decline, there was an overall 45% increase in median income from 2013 to 2022. The population grew from 2,166 in 2013 to 2,842 in 2022, a 31% increase.
The demographic shifts in Oakhurst align with broader trends observed in many urban areas across the United States. The increase in diversity, particularly the growth in the Hispanic population and those identifying as Two or More Races, reflects national demographic trends.
The economic trajectory of Oakhurst, with its income growth followed by a recent decline, may be indicative of broader economic patterns affected by factors such as the COVID-19 pandemic and subsequent economic fluctuations. The neighborhood's median income remains higher compared to a decade ago, suggesting a relatively stable economic foundation.
Oakhurst exemplifies a neighborhood in transition, moving towards greater diversity while experiencing economic growth and challenges. These changes likely reflect broader socio-economic trends in Charlotte and similar urban areas across the country. The neighborhood's evolution presents both opportunities and challenges for community cohesion and economic development in the coming years.
