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Demographics
Population
Median Income
Racial Distributions
Laurel Park, a neighborhood in Richmond, California, has experienced significant demographic changes from 2013 to 2022. The area transitioned from a Black Majority to a Moderate Diversity classification with a Hispanic Plurality. As of 2022, the neighborhood's population was 2,216 with a median income of $69,375.
The demographic composition of Laurel Park underwent substantial alterations during the studied period. In 2013, the Black population constituted 58% of the total. By 2022, this percentage decreased to 17%. Conversely, the Hispanic population increased from 16% to 30%, and the Asian population grew from 15% to 32%. The White population also saw a slight increase from 8% to 18%.
Economic indicators in Laurel Park showed fluctuations over the decade. The median income rose from $47,775 in 2013 to a peak of $73,953 in 2019. A significant drop to $58,419 occurred in 2020, likely due to the COVID-19 pandemic. By 2022, the median income recovered to $69,375. The neighborhood's population grew by approximately 25% during this period, from 1,772 in 2013 to 2,216 in 2022.
The demographic shifts observed in Laurel Park align with broader trends seen in many urban areas across the United States, particularly in California. Many cities have experienced a decrease in their Black population while seeing increases in Hispanic and Asian populations. The changes in Laurel Park suggest a process of gentrification, characterized by changing neighborhood demographics and rising property values.
The economic fluctuations, particularly the sharp decline in 2020 and subsequent recovery, reflect national trends related to the COVID-19 pandemic and its economic impacts. The quick rebound in median income indicates a resilient local economy.
Laurel Park's transformation from a predominantly Black community to a more diverse neighborhood with a Hispanic plurality over the past decade has been accompanied by population growth and generally rising incomes. These changes present both opportunities and challenges for long-time residents and newcomers as the neighborhood continues to evolve in its demographic and economic makeup.