Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
River Oaks-Kirby-Balmoral, a neighborhood in Memphis, Tennessee, currently exhibits a "Moderate Diversity" demographic profile as of 2022. The area is characterized by a White plurality (50%) with a significant Black population (36%), alongside growing Hispanic (7%) and Asian (4%) communities. Economically, the neighborhood has a median income of $86,983, suggesting a generally affluent population. This area is known for its mix of older, established homes and newer developments, reflecting its evolving demographic makeup.
Over the past decade, River Oaks-Kirby-Balmoral has transitioned from a "White Majority" community to one of "Moderate Diversity." In 2013, the neighborhood had a White majority at 59%. By 2022, this percentage had decreased to 50%, just at the threshold between a majority and plurality. The Black population has increased from 30% in 2013 to 36% in 2022. The Hispanic and Asian populations have grown from 5% and 3% respectively in 2013 to 7% and 4% in 2022.
This demographic evolution suggests a trend towards increasing diversity, potentially categorizing River Oaks-Kirby-Balmoral as a "Transitional Community." The growth in minority populations, particularly the Black and Hispanic communities, indicates a gradual but steady shift in the neighborhood's racial composition.
Alongside these demographic changes, the neighborhood has experienced economic growth. The median income has risen from $79,033 in 2013 to $86,983 in 2022, an increase of about 10%. There was a spike in median income in 2020 and 2021, reaching $90,052 and $96,691 respectively, before slightly decreasing in 2022. The population has remained relatively stable over the decade, with a slight increase from 48,833 in 2013 to 49,828 in 2022.
The demographic shifts in River Oaks-Kirby-Balmoral mirror broader national trends towards increasing diversity in suburban areas. Many U.S. suburbs have seen growth in minority populations, particularly Black and Hispanic residents, over the past decade. The economic trajectory of this neighborhood appears positive, as evidenced by the rising median income.
The neighborhood's evolution from a White majority to a more diverse community, while maintaining and increasing its economic status, is noteworthy. It suggests an integration of diverse populations without economic downturn. This pattern of increasing diversity coupled with economic growth could serve as a model for other communities navigating similar transitions.
River Oaks-Kirby-Balmoral presents a case of gradual but significant demographic change, transitioning from a White majority to a moderately diverse community with a strong economic foundation. The neighborhood's ability to maintain its affluence while becoming more diverse sets it apart from many similar communities nationwide and may offer insights into successful community integration and development strategies.