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Demographic Shifts and Economic Growth in Red Fork - Lookout Mountain: A Study of Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Red Fork - Lookout Mountain neighborhood in Tulsa, Oklahoma, is a White Majority community with moderate economic growth. As of 2022, the neighborhood has a population of 576 and a median income of $51,246. This area is known for its historical significance in Oklahoma's oil industry, being the site of the first oil well in Tulsa County, drilled in 1901.
Over the past decade, Red Fork - Lookout Mountain has maintained its status as a White Majority community. There have been subtle shifts in its racial composition that suggest a trend towards increased diversity. The white population has seen a slight decline from 64% in 2013 to 70% in 2022. The Hispanic population has increased from 2% in 2013 to 11% in 2022. The Native American population has decreased from 15% in 2013 to 4% in 2022. The category of two or more races has remained relatively stable, fluctuating between 9-14% throughout the decade.
The neighborhood has experienced substantial economic growth over the past decade. Median income has increased from $37,199 in 2013 to $51,246 in 2022, representing a 37.8% growth. This income growth coincides with the increase in Hispanic population and decrease in Native American population. The population has remained relatively stable, decreasing slightly from 578 in 2013 to 576 in 2022.
The demographic shifts in Red Fork - Lookout Mountain align with broader national trends of increasing diversity in suburban and urban areas. The growth in the Hispanic population mirrors national patterns of Hispanic population growth and dispersion beyond traditional settlement areas.
The economic growth experienced by the neighborhood is notable, outpacing the national median household income growth rate during a similar period. This suggests that Red Fork - Lookout Mountain may be benefiting from local economic factors or urban renewal initiatives that are driving income growth at a faster rate than the national average.
Red Fork - Lookout Mountain remains a White Majority community but shows signs of transitioning towards greater diversity, particularly with the growth of its Hispanic population. This demographic shift, coupled with significant economic growth, indicates a neighborhood in flux, potentially offering new opportunities and challenges for its residents as it continues to evolve.
