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Demographics
Population
Median Income
Racial Distributions
The Belmont neighborhood in Charlotte, North Carolina, has undergone significant demographic changes from 2013 to 2022. In 2022, Belmont is classified as a "Black Majority" community with 60% of the population identifying as Black. This represents a decrease from 79% in 2013, indicating a transition towards increased diversity. The neighborhood has experienced substantial economic growth, with median income increasing from $30,536 in 2013 to $45,903 in 2022.
The demographic shift in Belmont is characterized by a decrease in the Black population percentage and an increase in the White population from 13% to 31% between 2013 and 2022. This trend suggests a movement towards "Moderate Diversity." The Asian population has grown from 1% to 2%, and the Hispanic population from 1% to 3%, further supporting the diversification trend.
The economic trends in Belmont correlate with the demographic changes. The median income increase of 50% from 2013 to 2022 aligns with the influx of White residents and overall diversification. The population has grown by 35%, from 2,499 in 2013 to 3,365 in 2022, indicating increased demand for housing in the area.
The trends observed in Belmont are consistent with patterns of urban revitalization and gentrification seen in many U.S. cities. The rapid income growth and demographic shifts in Belmont outpace national averages. For comparison, the U.S. median household income grew by about 11% from 2013 to 2021 when adjusted for inflation, while Belmont's grew by 50% in nominal terms.
The decrease in the Black population percentage in Belmont, while still maintaining a majority, is similar to changes in historically Black neighborhoods in cities such as Washington D.C., Atlanta, and Chicago. However, Belmont's transition appears to be occurring at a faster rate.
The changes in Belmont present both opportunities and challenges. The economic growth may lead to improved infrastructure and services, but also raises concerns about affordability and preservation of the neighborhood's cultural identity. As Belmont continues its transition towards "Moderate Diversity," urban planning and community engagement will be important to ensure equitable development that benefits long-term residents while accommodating newcomers.