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Demographic Shifts in Parkmont: From Moderate Diversity to Asian Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Parkmont, a neighborhood in Fremont, California, represents a Racial Majority community with an Asian majority of 51% as of 2022. This area has experienced demographic shifts over the past decade, transitioning from a diverse community to one with an Asian majority. Parkmont has a median income of $133,914 in 2022, indicating its status as an affluent suburb in the San Francisco Bay Area.
In 2013, Parkmont exhibited Moderate Diversity with a mix of Asian (40%) and White (43%) populations, along with Hispanic representation (10%). Over the next decade, the neighborhood evolved into an Asian Majority community by 2018 when the Asian population surpassed 50%. This shift continued, with the Asian population reaching 57% in 2020 before decreasing to 51% in 2022.
The White population declined from 43% in 2013 to 34% in 2022, while the Hispanic population fluctuated, dropping from 13% in 2015 to 4% in 2020 before rising to 8% in 2022. These changes suggest a Transitional Community status, with ongoing demographic shifts.
The demographic evolution in Parkmont coincided with economic growth. The median income rose from $123,928 in 2013 to $157,235 in 2021, an increase of nearly 27%. This trend aligns with the increasing Asian majority, potentially reflecting the influx of high-skilled workers in the tech industry. There was a slight dip in median income to $133,914 in 2022, coinciding with a small decrease in the Asian population percentage. The population has remained relatively stable over the decade, fluctuating between about 6,300 and 6,900 residents.
Parkmont's demographic shift towards an Asian majority mirrors trends in the San Francisco Bay Area, particularly in tech-centric suburbs. This trend is associated with the growth of the technology sector and immigration patterns from Asian countries. The neighborhood's high median income reflects the economic prosperity of the Bay Area tech economy. The recent slight decrease in both median income and Asian population percentage could indicate a trend of tech industry diversification or impacts of remote work policies following the COVID-19 pandemic.
Parkmont has evolved from a moderately diverse community to one with an Asian majority over the past decade, accompanied by economic growth. This transformation reflects regional trends in the Bay Area's tech-driven economy and changing immigration patterns. The neighborhood's future may continue to be shaped by these factors, potentially leading to further demographic and economic shifts in the coming years.
