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Demographic Shifts and Racial Composition in Fairmount Neighborhood, Waterbury
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Fairmount neighborhood in Waterbury, Connecticut, is classified as a Majority-Minority community with a Hispanic Plurality. As of 2022, the neighborhood has a population of 2,089 and a median income of $39,653. Fairmount is characterized by its historical significance, with many buildings dating back to the early 20th century, reflecting Waterbury's industrial heritage.
Over the past decade, Fairmount has experienced significant demographic changes. In 2013, the neighborhood was categorized as a Majority-Minority community with a Hispanic Plurality (51% Hispanic). This classification has remained consistent through 2022, with the Hispanic population fluctuating and reaching 53% in 2022. The Black population has declined from 24% in 2013 to 15% in 2022, while the White population has increased from 20% to 29% over the same period. This shift suggests a Transitional Community status, with increasing diversity among non-Hispanic groups.
The neighborhood has maintained Moderate Diversity throughout the decade, with Hispanic, White, and Black populations consistently representing significant portions of the community. The median income in Fairmount has increased from $25,729 in 2013 to $39,653 in 2022, representing a 54% increase. This economic improvement coincides with the demographic shifts, particularly the increase in the White population percentage.
A significant increase in median income occurred between 2019 ($31,160) and 2020 ($39,625), potentially related to changes in the local economy or shifts in the resident population. The peak median income of $44,006 in 2021 may reflect pandemic-related economic factors or demographic changes. The population has remained relatively stable, fluctuating between 1,886 and 2,261 over the decade, with no clear trend of growth or decline.
The demographic trends in Fairmount reflect broader national patterns of increasing diversity in urban areas. The growth in the Hispanic population aligns with national trends, as the Hispanic population has been one of the fastest-growing demographic groups in the United States over the past decade. The increase in median income, while significant, remains below the national average of approximately $70,784 in 2022, indicating ongoing economic challenges in the area.
Fairmount represents an urban neighborhood experiencing gradual demographic shifts and economic improvement. While maintaining its status as a Majority-Minority community with a Hispanic Plurality, the neighborhood shows signs of increasing diversity among non-Hispanic groups and economic progress. These changes likely reflect broader urban renewal trends and demographic shifts occurring in many American cities, balancing diversity with economic development challenges.
