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Demographics
Population
Median Income
Racial Distributions
Montgomery Park in Albuquerque, New Mexico, exhibits Moderate Diversity as of 2022. The neighborhood has a population of 3,625 and a median income of $47,317. No single racial group dominates the demographic composition. Montgomery Park contains one of Albuquerque's largest public parks.
Over the past decade, Montgomery Park has experienced significant demographic changes. In 2013, the neighborhood had a Hispanic Plurality, with 38% of the population identifying as Hispanic. By 2022, the community transitioned to Moderate Diversity. This shift is characterized by increased representation of multiple racial groups, particularly growth in the Two or More Races category from 1% in 2013 to 13% in 2022.
The White population remained relatively stable, fluctuating between 36% and 47% over the years. The Black population decreased from 15% in 2013 to 9% in 2022. The Hispanic population fluctuated but remained significant, reaching 30% in 2022. These changes indicate a Transitional Community, with increasing diversity driven by growth in multiracial identifications and shifts in established racial groups.
The median income in Montgomery Park increased from $36,786 in 2013 to $47,317 in 2022, a 28.6% rise. This growth was not linear, with significant fluctuations including a peak of $58,898 in 2021. The population grew from 2,585 in 2013 to 3,625 in 2022, a 40% increase. A sharp increase in population occurred between 2018 and 2022, with 38% growth in four years.
The trends in Montgomery Park align with national patterns of increasing diversity and growing multiracial identification. The 2020 U.S. Census reported a 276% growth in the multiracial population between 2010 and 2020. Montgomery Park's median income growth of 28.6% over nine years outpaces the national median household income growth of about 10% from 2013 to 2022.
The transition from Hispanic Plurality to Moderate Diversity reflects trends in many urban areas across the United States. The relative stability of the White population percentage in Montgomery Park contrasts with some urban areas that have seen more dramatic decreases in White population shares.
Montgomery Park exemplifies a dynamic urban neighborhood undergoing significant demographic and economic changes. Its evolution towards greater diversity, coupled with substantial population growth and income fluctuations, presents opportunities and challenges for community cohesion and development. The neighborhood's trajectory suggests it may continue to reflect broader urban demographic shifts in the coming years.