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Demographics
Population
Median Income
Racial Distributions
The I-240 Corridor neighborhood in Oklahoma City, Oklahoma, has transitioned to a Majority-Minority community with a Hispanic plurality. As of 2022, the neighborhood's median income was $42,407, below the 2021 national median household income of $70,784. The area is characterized by retail centers and industrial parks along Interstate 240.
Over the past decade, the I-240 Corridor has changed from a White Plurality community to a Majority-Minority area. In 2013, the neighborhood had Moderate Diversity, with whites at 48% and Hispanics at 32%. By 2022, the Hispanic population increased to 41%, the White population decreased to 37%, and the Black population increased from 6% to 11%. This transition indicates the area has become a Transitional Community.
The demographic shifts correlate with economic growth. Median income increased from $36,493 in 2013 to $42,407 in 2022, a 16.2% increase. Population grew from 50,577 in 2013 to 51,983 in 2022, a 2.8% increase. Income growth outpaced population growth, but overall economic gains have been modest. The median income remains below the national average.
The demographic changes in the I-240 Corridor align with national trends of increasing diversity in urban areas. The U.S. median household income grew by about 27% from 2013 to 2021, compared to the neighborhood's 16.2% growth over a similar period.
The increase in the Hispanic population (9 percentage points) and the Black population (5 percentage points) suggests that the I-240 Corridor may be an entry point for these communities in Oklahoma City. This could be due to affordable housing options or job opportunities in the area's commercial and industrial sectors.
The transition to a Majority-Minority status with a Hispanic plurality reflects demographic shifts seen in many American cities, particularly in the Southwest and West. The economic indicators suggest that this demographic change has not yet resulted in substantial economic improvements for the area's residents.
This analysis indicates that the I-240 Corridor is becoming increasingly diverse. There may be opportunities for targeted economic development initiatives to help bridge the income gap and support the changing needs of this evolving community.