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Demographics
Population
Median Income
Racial Distributions
Sheridan Park, a neighborhood in Chicago, Illinois, has undergone significant demographic changes from 2013 to 2022. The area transitioned from a moderately diverse community to a predominantly white neighborhood. In 2013, Sheridan Park's population was 53% white, 25% Black, and 13% Hispanic. By 2022, the white population increased to 67%, while Black and Hispanic populations decreased to 15% and 10%, respectively.
This demographic shift coincided with substantial economic changes. The median household income in Sheridan Park rose from $44,766 in 2013 to $68,027 in 2022, representing a 52% increase over a decade. This economic growth occurred alongside the increasing proportion of white residents and decreasing minority populations, suggesting a potential correlation between demographic changes and economic gentrification.
The population of Sheridan Park decreased slightly from 6,553 in 2013 to 6,115 in 2022. This reduction in population, combined with the increase in median income, indicates that while the neighborhood became more affluent, it may have become less accessible to a broader range of residents.
The demographic trends observed in Sheridan Park align with patterns of gentrification seen in many urban neighborhoods across the United States. Cities such as Seattle, Washington D.C., and New York have experienced similar demographic shifts in certain areas, often accompanied by rising property values and incomes.
Sheridan Park's transformation contrasts with Chicago's overall demographics. While Chicago remains a highly diverse city with significant Black and Hispanic populations, Sheridan Park's shift towards a White Majority suggests it may be part of a pocket of demographic change within the larger urban fabric of Chicago.
The increase in median income in Sheridan Park outpaces the national trend. The U.S. median household income grew by approximately 10% between 2013 and 2022 when adjusted for inflation. In comparison, Sheridan Park's 52% increase is substantially higher, indicating a more dramatic economic transformation than seen in many other parts of the country.
Sheridan Park's evolution over the past decade reflects a complex interplay of demographic and economic factors. The transformation from a moderately diverse community to a more affluent, predominantly white neighborhood has brought economic growth. However, it also raises questions about accessibility, affordability, and the preservation of community diversity in urban neighborhoods undergoing rapid change.