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Demographics
Population
Median Income
Racial Distributions
Whiteoak, a neighborhood in Charlotte, North Carolina, currently exemplifies a "White Majority" community with moderate diversity. As of 2022, the white population constitutes 62% of the residents, while other racial groups have significant representation. The neighborhood has experienced notable demographic shifts over the past decade, coupled with fluctuations in median income. Whiteoak is known for its proximity to the University Research Park, which likely influences its demographic composition and economic trends.
Over the past decade, Whiteoak has undergone a transition from a "Low Diversity" community to one with "Moderate Diversity." In 2013, the neighborhood was categorized as "Low Diversity" with a white population of 78%. However, by 2022, this percentage decreased to 62%, indicating a significant shift towards greater diversity. The most notable changes include an increase in Hispanic population from 3% in 2013 to 11% in 2022, growth in Black population from 4% in 2013 to 9% in 2022, and a slight increase in Asian population from 7% in 2013 to 8% in 2020, before settling at 7% in 2022. These shifts suggest that Whiteoak is becoming a "Transitional Community," with increasing representation from various racial groups.
The median income in Whiteoak has shown considerable fluctuation over the years, which may correlate with the demographic changes. From 2013 to 2019, there was a steady increase in median income from $78,788 to $105,525. In 2020-2021, there was a sharp decline to $84,733 in 2020, with a slight recovery to $86,678 in 2021. In 2022, there was a significant rebound to $103,327. The initial increase in income coincided with the gradual diversification of the neighborhood. The sharp decline in 2020 may be attributed to the global COVID-19 pandemic, which affected many communities economically. The recent rebound in 2022 suggests economic resilience and recovery.
Population figures have remained relatively stable, with slight fluctuations between 2,200 and 2,700 residents over the decade. This stability in population, combined with increasing diversity and rebounding income levels, indicates that Whiteoak is attracting a more diverse group of residents while maintaining its economic appeal.
The demographic shifts observed in Whiteoak align with broader trends seen in many urban and suburban areas across the United States. The increasing diversity, particularly the growth in Hispanic and Asian populations, reflects national patterns of demographic change in metropolitan areas. The income fluctuations, especially the sharp decline in 2020 and subsequent recovery, mirror national economic trends related to the COVID-19 pandemic. However, Whiteoak's median income remains significantly higher than the national median household income (which was around $70,784 in 2021), suggesting that it remains an affluent area despite recent economic challenges.
The neighborhood's proximity to the University Research Park likely contributes to its ability to attract a diverse, high-income population. This connection to a knowledge-based economy hub may explain the area's resilience and rapid economic recovery post-pandemic. Whiteoak represents a microcosm of broader demographic and economic trends seen in many American communities. Its transition from a low-diversity to a moderately diverse area, coupled with its economic resilience, positions it as a dynamic and evolving neighborhood within the Charlotte metropolitan area.