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Demographics
Population
Median Income
Racial Distributions
The Palm neighborhood in Redwood City, California, has experienced demographic changes from 2013 to 2022. The area transitioned from a "Majority-Minority" community to a "Hispanic Majority" neighborhood. In 2013, Hispanics comprised 56% of the population, increasing to 61% by 2022. This change established Palm as a Hispanic majority area. The white population decreased from 32% to 25%, while the Asian population increased slightly from 6% to 9% during this period.
Concurrent with demographic shifts, Palm witnessed economic changes. The median income rose by approximately 30% from $66,138 in 2013 to $86,425 in 2022. This increase suggests overall economic improvement for the neighborhood's residents. The population remained relatively stable during this time, with only minor fluctuations. The combination of rising incomes and population stability may indicate increasing desirability and potential cost of living increases in the area.
The trends observed in Palm are consistent with patterns seen in many California urban areas, where Hispanic populations have grown and become more economically established. The retention of a strong Hispanic majority in Palm is notable, especially considering the rapid gentrification occurring in many parts of the San Francisco Bay Area. The economic growth in Palm appears more moderate compared to some other Silicon Valley neighborhoods, suggesting that Palm has maintained a degree of affordability that allows it to preserve its Hispanic character while benefiting from the region's overall economic growth.
Palm exemplifies a neighborhood in transition, balancing economic growth with the preservation of its cultural identity. The strengthening of its Hispanic majority status, coupled with rising incomes, presents both opportunities and challenges for community cohesion and future development. As the neighborhood continues to evolve, it will be important to monitor how these demographic and economic trends impact local businesses, housing affordability, and community services.