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Demographics
Population
Median Income
Racial Distributions
Millwood Estates, a neighborhood in Tulsa, Oklahoma, has transformed into a Majority-Minority community with a Hispanic Majority. As of 2022, the Hispanic population comprises 54% of the neighborhood, with a median income of $31,811. This area has experienced significant demographic changes over the past decade, transitioning from a diverse community to one with a Hispanic majority. Millwood Estates has experienced steady population growth, indicating its potential appeal to Hispanic families in the Tulsa area.
The neighborhood transitioned through several diversity categories between 2013 and 2022. From 2013 to 2018, it moved from Moderate Diversity to High Diversity, maintaining a balanced mix of racial groups. From 2019 to 2022, it shifted from High Diversity to Hispanic Majority, with the Hispanic population increasing from 45% to 59% in 2020, and slightly decreasing to 54% by 2022. This transition suggests Millwood Estates has become increasingly attractive to Hispanic residents.
The demographic shifts correlate with economic trends. Despite the transition to a Hispanic Majority, the median income has grown from $27,356 in 2013 to $31,811 in 2022, an increase of about 16%. The population has steadily increased from 2,579 in 2013 to 3,140 in 2022, a growth of about 22%. There were some fluctuations in median income, with a dip to $25,712 in 2016 before rising again. The combination of population growth and increasing median income suggests that Millwood Estates is experiencing economic improvement alongside its demographic shifts.
The trends in Millwood Estates reflect broader national patterns. The significant increase in the Hispanic population aligns with national trends of growing Hispanic communities in many U.S. cities. Despite the overall income growth, the median income in Millwood Estates ($31,811 in 2022) remains below the national median household income (approximately $70,784 in 2021). This suggests that while the neighborhood is improving economically, it still faces economic challenges compared to national averages. The steady population growth in this urban neighborhood aligns with broader trends of urbanization and increasing diversity in American cities.
Millwood Estates has transformed from a moderately diverse community to one with a clear Hispanic majority over the past decade. This demographic shift has been accompanied by modest economic improvements and steady population growth, suggesting a dynamic and evolving neighborhood. However, the area still faces economic challenges compared to national averages, indicating room for further development and community investment.