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Demographic Evolution of Oxford Circle: From Moderate to High Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Oxford Circle, a neighborhood in Philadelphia, Pennsylvania, currently exhibits a high diversity demographic profile. As of 2022, the neighborhood's population is 53,410, with a median income of $49,354. No single racial group comprises more than 40% of the population, and at least three groups have significant representation over 10% each.
Over the past decade, Oxford Circle has undergone a significant transformation in its racial composition. In 2013, the neighborhood had moderate diversity, with White (32%), Black (28%), and Hispanic (20%) populations being the most prominent. By 2022, the community had transitioned to high diversity status, with Hispanic (28%), Black (27%), White (21%), and Asian (16%) populations all having substantial representation.
This shift can be attributed to several factors. The Hispanic population increased from 20% in 2013 to 28% in 2022. The White population declined from 32% in 2013 to 21% in 2022. The Black population remained relatively stable, with a slight decrease from 28% to 27%. The Asian population grew from 16% to 18% between 2013 and 2018, before settling at 16% in 2022. The neighborhood also saw an increase in residents identifying as two or more races, from 2% in 2013 to 5% in 2022.
The demographic shifts in Oxford Circle have been accompanied by changes in median income. From 2013 to 2022, the median income increased from $42,231 to $49,354, representing a 16.9% growth. There was a significant increase in median income between 2020 ($48,121) and 2021 ($54,286). Despite the overall upward trend, there was a slight decrease in median income from 2021 to 2022.
The population of Oxford Circle has fluctuated, growing from 50,862 in 2013 to a peak of 55,301 in 2021, before declining to 53,410 in 2022. This population growth, coupled with increasing diversity, suggests that the neighborhood has become increasingly attractive to various ethnic groups.
The demographic changes in Oxford Circle reflect broader trends seen in many urban areas across the United States. These include increasing diversity in traditionally White-majority neighborhoods, growth of Hispanic and Asian populations in urban centers, and gradual economic improvement in diverse, working-class neighborhoods. Oxford Circle's transformation is notable for its rapid shift to high diversity status.
The economic growth in Oxford Circle appears to be moderate compared to national trends. The median household income in the United States grew by about 23% from 2013 to 2022, slightly outpacing Oxford Circle's 16.9% growth. This suggests that while the neighborhood is improving economically, it may be doing so at a slower rate than the national average.
Oxford Circle's evolution over the past decade showcases a trend towards increased diversity and moderate economic growth. This transformation presents opportunities and challenges for community cohesion, local businesses, and public services as they adapt to serve an increasingly varied population.
