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Demographics
Population
Median Income
Racial Distributions
The Silk Stocking neighborhood in Chandler, Arizona, exhibits moderate diversity as of 2022. The Hispanic population comprises 47% of residents, while the White population accounts for 36%. Other racial groups represent smaller proportions. The median income in 2022 was $44,282, indicating a working-class to lower-middle-class economic status. This contrasts with the historical association of the name "Silk Stocking" with affluent areas in other parts of the United States.
Over the past decade, Silk Stocking has undergone significant demographic changes. In 2013, the neighborhood had a Hispanic majority, with 68% of the population identifying as Hispanic. By 2022, this had shifted to a moderately diverse classification, with no single group constituting a majority. The Hispanic population decreased from 68% in 2013 to 47% in 2022, while the White population increased from 12% to 36% during the same period. The Black population fluctuated between 5% and 18% over the years.
The demographic shifts correlate with changes in median income. In 2013, when the Hispanic population was at its peak, the median income was $28,754. As the neighborhood diversified, the median income showed an upward trend, reaching $44,282 in 2022, representing an increase of approximately 54% over nine years. The population of the neighborhood remained relatively stable, fluctuating between about 2,100 and 2,700 residents throughout the decade.
The increase in median income alongside the diversification of the neighborhood may indicate gentrification processes, with higher-income residents moving into the area and potentially displacing some lower-income residents. However, the relatively low median income, even after the significant increase over the decade, suggests that Silk Stocking remains a working-class neighborhood despite these changes.
The trends observed in Silk Stocking align with broader patterns seen in many urban and suburban areas across the United States. Many areas have experienced increasing diversity and rising property values, often leading to demographic shifts and economic changes similar to those seen in this neighborhood.
The Silk Stocking neighborhood in Chandler has transitioned from a predominantly Hispanic community to a more diverse one over the past decade, accompanied by a significant increase in median income. These changes reflect broader trends of urban demographic shifts and economic development, though the area remains relatively affordable compared to national averages. The ongoing evolution of this neighborhood will be important to monitor, particularly in terms of maintaining affordability and community cohesion amidst these changes.