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Demographics
Population
Median Income
Racial Distributions
The Overlook neighborhood in Waterbury, Connecticut, exhibits a distinct demographic profile as of 2022. The population stands at 3,008 with a median income of $72,569. It is classified as a "Moderate Diversity" community. The neighborhood lacks a clear racial majority, with White (37%), Black (27%), and Hispanic (25%) populations constituting the primary racial groups. Overlook has experienced significant demographic changes over the past decade, reflecting broader urban trends of increasing diversity in traditionally White-majority areas.
From 2013 to 2022, Overlook transitioned from a "White Plurality" community to one of "Moderate Diversity." In 2013, the White population comprised 40% of residents, with significant Black (23%) and Hispanic (30%) minorities. Over the decade, the Hispanic population increased to 43% in 2017, briefly creating a "Hispanic Plurality." By 2022, no single group held a clear plurality, with White, Black, and Hispanic populations more evenly distributed. This shift towards greater diversity aligns with the "Transitional Community" category, as evidenced by the increasing representation of multiple racial groups. The growth in the "race_other" category from 0% in 2013 to 6% in 2022 further emphasizes this trend towards diversification.
The demographic changes in Overlook have coincided with fluctuations in median income. From 2013 to 2022, median income increased from $66,058 to $72,569, representing a 9.9% growth. This growth was not linear. The neighborhood experienced a significant decrease in median income to $51,994 in 2020, possibly due to the economic impacts of the COVID-19 pandemic, before rebounding in 2022. The population of Overlook has also grown over this period, from 2,526 in 2013 to 3,008 in 2022, a 19% increase. This population growth, coupled with the overall increase in median income, suggests that the neighborhood has become increasingly attractive to a diverse range of residents.
The demographic shifts observed in Overlook reflect broader national trends of increasing diversity in urban and suburban areas. Many U.S. cities have experienced similar transitions from predominantly White communities to more diverse neighborhoods over the past decade. The economic resilience demonstrated by the rapid income recovery post-2020 is notable and may indicate strong local economic factors or successful community support systems.
The median income of $72,569 in 2022 is higher than the national median household income of approximately $70,784 for the same year, suggesting that Overlook remains an economically competitive neighborhood despite its demographic changes. This economic stability amidst increasing diversity could be seen as an indicator of successful integration and community development.
Overlook's evolution from a White Plurality to a Moderately Diverse community, coupled with overall positive economic trends, demonstrates a neighborhood in transition. These changes likely bring both opportunities and challenges, potentially affecting local businesses, schools, and community services as they adapt to serve a more diverse population. The neighborhood's ability to maintain and increase its median income during this transition suggests a degree of economic resilience that could serve as a model for other communities experiencing similar demographic shifts.