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Demographics
Population
Median Income
Racial Distributions
Rio Del Verde, a neighborhood in Chandler, Arizona, currently presents a "Moderate Diversity" profile with a Hispanic plurality. As of 2022, the neighborhood has a population of 659 and a median income of $104,895. Rio Del Verde has undergone significant demographic changes. In 2013, the neighborhood exhibited a "White Majority" with 73% of the population identifying as white. However, by 2022, this had shifted to a "Moderate Diversity" profile with no single racial group comprising more than 50% of the population.
The Hispanic population has shown consistent growth, increasing from 24% in 2013 to 31% in 2022, emerging as the largest racial group. This transition suggests a trend towards a "Majority-Minority" community, though it hasn't quite reached that threshold yet. The Asian population has also seen growth, doubling from 6% in 2015 to 12% in 2022, contributing to the increasing diversity. The Black population has fluctuated but generally increased from 3% in 2013 to 6% in 2022, peaking at 14% in 2018.
The demographic shifts in Rio Del Verde correlate with significant economic changes. The median income has seen a substantial increase from $63,763 in 2013 to $104,895 in 2022, representing a 64.5% growth over nine years. This economic uptrend coincides with the increasing diversity of the neighborhood. As the neighborhood became more diverse, its economic profile improved. This could suggest that the area has become increasingly attractive to middle and upper-middle-class families from various racial backgrounds.
The population of Rio Del Verde has fluctuated over the years, peaking at 1,051 in 2018 and declining to 659 in 2022. This recent decline, coupled with the maintained high median income, might indicate a shift towards larger, more expensive housing units, potentially pricing out some previous residents.
The trends observed in Rio Del Verde align with broader patterns seen in many suburban areas across the United States, particularly in growing Sunbelt cities like Chandler. The increasing diversity coupled with rising incomes reflects a national trend of suburbs becoming more racially and ethnically diverse while also attracting higher-income residents. The growth in the Hispanic population is consistent with Arizona's overall demographic trends, as the state has seen significant growth in its Hispanic population over the past decade. However, the substantial increase in median income in Rio Del Verde outpaces the state and national averages, suggesting this neighborhood may be particularly attractive to upwardly mobile families from diverse backgrounds.
Rio Del Verde exemplifies a "Transitional Community" that has evolved from a predominantly white area to a moderately diverse neighborhood with a strong economic profile. This transition reflects broader national trends of increasing suburban diversity and economic growth, while also highlighting the unique attributes that make this Chandler neighborhood attractive to a wide range of residents.