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Demographics
Population
Median Income
Racial Distributions
Davis Lake, a neighborhood in Charlotte, North Carolina, exhibits a demographic profile categorized as "Moderate Diversity" as of 2022. The neighborhood has a population of 3,350 with a median income of $93,624, indicating its affluent status within Charlotte.
Over the past decade, Davis Lake has experienced notable changes in its racial composition. In 2013, the neighborhood was categorized as having a "White Majority" with 62% of the population identifying as white. By 2022, this shifted to a "Moderate Diversity" status, with white residents comprising 48% of the population. The Black population increased from 27% in 2013 to 36% in 2022, while the Hispanic population more than doubled from 5% to 11% during this period. These shifts indicate a trend towards increasing diversity, potentially categorizing Davis Lake as a "Transitional Community."
Despite significant demographic changes, the median income has remained relatively stable over the decade. In 2013, the median income was $93,963, and in 2022 it was $93,624, showing only a slight decrease. The population has grown moderately, from 2,876 in 2013 to 3,350 in 2022, an increase of about 16.5%. This growth, coupled with the maintained high median income, indicates that Davis Lake has remained an attractive neighborhood for various demographic groups.
The trends observed in Davis Lake align with broader patterns of increasing diversity seen in many suburban areas across the United States. What sets Davis Lake apart is its ability to maintain a high median income while undergoing significant demographic changes. This suggests that the neighborhood has successfully integrated new residents without experiencing economic decline, a challenge faced by many communities undergoing rapid demographic shifts.
The increase in the Black and Hispanic populations in Davis Lake mirrors trends seen in many parts of Charlotte and other growing Southern cities, where historically white suburbs are becoming more diverse. However, the stability of the high median income is less common and indicates that Davis Lake may be attracting affluent members of various racial groups.
Davis Lake presents a case of a neighborhood transitioning from a predominantly white, affluent area to a more diverse community while maintaining its economic status. This evolution challenges some common narratives about demographic change and economic outcomes, suggesting that increasing diversity can coexist with economic stability under certain conditions.