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Demographic Shifts in Sloan Lake: From Moderate Diversity to White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Sloan Lake, a neighborhood in Denver, Colorado, exhibits a White Majority demographic composition with a median income of $89,647 as of 2022. The area has undergone demographic and economic changes over the past decade, transitioning from a more diverse community to one with lower diversity. Sloan Lake is known for its namesake lake, which is the largest body of water in Denver.
In 2013, Sloan Lake had Moderate Diversity, with representation from White (60%), Hispanic (30%), and Black (4%) populations. Over the decade, the neighborhood shifted towards a White Majority status. By 2022, the White population increased to 72%, while the Hispanic population decreased to 21%, and the Black population declined to 1%. This transition suggests a trend of decreasing diversity and potential gentrification in the area.
The most notable change occurred between 2019 and 2022, where the White population increased from 66% to 72%, while the Hispanic population decreased from 26% to 21%. This shift could indicate accelerated demographic changes, possibly driven by factors such as rising property values or changes in local employment opportunities.
The demographic shifts in Sloan Lake correlate with increases in median income. In 2013, the median income was $69,063, and by 2022 it had risen to $89,647, an increase of nearly 30% over the decade. The most substantial increase occurred between 2020 and 2021, with median income rising from $90,202 to $96,143, coinciding with a rapid increase in the White population and decrease in the Hispanic population.
The population of Sloan Lake peaked in 2018 at 12,443 residents and has since declined to 11,322 in 2022. This population decrease, coupled with rising incomes and increasing White majority, could suggest a trend of smaller, more affluent households replacing larger families.
The demographic and economic trends observed in Sloan Lake align with patterns seen in many urban neighborhoods experiencing gentrification. The increase in median income and shift towards a White Majority are common indicators of such processes. The COVID-19 pandemic, which began in 2020, may have accelerated these trends, potentially influencing housing choices and migration patterns.
Sloan Lake has undergone a transformation over the past decade, transitioning from a moderately diverse community to one with a strong White Majority and higher median income. These changes suggest ongoing gentrification processes that are reshaping the neighborhood's demographic and economic landscape.
