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Demographics
Population
Median Income
Racial Distributions
The Woolen Mills neighborhood in Charlottesville, Virginia, is categorized as a Transitional Community with a White Majority. As of 2022, the median income was $72,531. The neighborhood has historical significance as one of Charlottesville's earliest industrial areas, known for its textile mills in the 19th and early 20th centuries.
Woolen Mills has undergone notable demographic changes over the past decade. In 2013, the neighborhood was categorized as Low Diversity, with the white population comprising 70% of residents. By 2022, the community transitioned towards Moderate Diversity while maintaining a White Majority status. Significant shifts include a decline in the White population from 70% in 2013 to 63% in 2022, an increase in the Hispanic population from negligible in 2013 to 11% in 2022, and growth in Multiracial residents from 1% in 2013 to 8% in 2022. The Black population fluctuated between 13-27% over the decade.
The median income in Woolen Mills has shown an upward trend, rising from $66,203 in 2013 to $72,531 in 2022, an increase of about 9.5%. This economic growth correlates with the demographic shifts. The increase in income coincides with the rise in Hispanic and multiracial populations. The population has grown from 1,901 in 2013 to 2,279 in 2022, a 19.9% increase, outpacing the income growth.
The years with the highest median incomes (2020-2022) also saw the most significant increases in racial diversity, suggesting a potential link between increased diversity and economic prosperity in this neighborhood.
The demographic shifts in Woolen Mills reflect broader national trends of increasing diversity in urban and suburban areas. The growth in Hispanic and multiracial populations is consistent with national demographic changes. The economic growth in Woolen Mills appears to be slightly below the national average for wage growth over a similar period.
The transition from Low Diversity to Moderate Diversity, coupled with steady economic growth, suggests that Woolen Mills is evolving into a more dynamic and multicultural community. This change may bring both opportunities and challenges, such as the need for culturally diverse services and potential gentrification concerns. Local policymakers and community leaders may need to address these issues to ensure inclusive growth and maintain the neighborhood's historical character.