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Demographics
Population
Median Income
Racial Distributions
Waterside, a neighborhood in Stamford, Connecticut, currently exhibits a Moderate Diversity demographic profile with a Hispanic plurality. As of 2022, the neighborhood has a population of 8,430 and a median income of $97,919. Waterside has seen significant population growth in recent years, particularly from 2021 to 2022, which may be related to its waterfront location and potential urban renewal efforts in Stamford.
Over the past decade, Waterside has transitioned from a Majority-Minority community to one of Moderate Diversity. In 2013, the neighborhood was clearly Majority-Minority, with minority groups constituting 66% of the population. However, by 2022, while still diverse, no single group dominated, and the white population increased slightly. The Hispanic population has consistently been the largest group, though its share has fluctuated. It peaked at 45% in 2016 and 2018 but decreased to 34% by 2022. The Black population has remained relatively stable, hovering around 23-30% throughout the decade. The Asian population, while small, has shown slight growth from 1% to 3%.
The median income in Waterside has shown considerable volatility over the past decade. It peaked at $106,793 in 2013, then dropped significantly to $72,710 in 2014. Since then, it has generally trended upward, reaching $97,919 in 2022. This overall increase in median income correlates with the slight increase in the white population percentage. The population trends have been equally volatile. There was a notable decrease from 6,684 in 2015 to 4,951 in 2020, followed by a sharp increase to 8,430 in 2022. This recent surge in population coincides with a slight increase in racial diversity, suggesting that the neighborhood may be attracting a wider range of residents.
The demographic changes in Waterside reflect broader trends seen in many urban areas across the United States. The increase in diversity and median income is consistent with patterns of urban renewal and gentrification observed in many coastal cities. However, the sharp population increase from 2021 to 2022 is unusual and may be specific to local developments in Stamford or the Waterside neighborhood.
The median income of $97,919 in 2022 is significantly higher than the national median household income (which was about $70,784 in 2021), indicating that Waterside is a relatively affluent neighborhood. This could be attributed to its location within the New York metropolitan area and Stamford's status as a significant business center.
In conclusion, Waterside has evolved from a Majority-Minority community to one of Moderate Diversity over the past decade, with economic indicators generally improving. These changes suggest a neighborhood in transition, potentially driven by urban renewal efforts and changing economic conditions in the broader Stamford area.