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Demographic Stability and Economic Growth in Lake View East: A Study of Race and Income
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Lake View East, a neighborhood in Chicago, Illinois, is categorized as a "Low Diversity" community with a "White Majority" as of 2022. The area has a median income of $79,004, which is above the national average. Lake View East is located near Lake Michigan and Wrigley Field, home of the Chicago Cubs.
Over the past decade, Lake View East has maintained its status as a "Low Diversity" community with a "White Majority." The white population has remained between 76-78% throughout this period. Other racial groups have shown minor changes. The Asian and Hispanic populations have remained steady at around 8% each. The Black population has fluctuated between 3-5%. The population identifying as Two or More Races increased from 2% in 2013 to 4% in 2022.
The median income in Lake View East has increased from $66,945 in 2013 to $79,004 in 2022, an increase of approximately 18%. The population has grown slightly from 38,060 in 2013 to 40,803 in 2022.
Lake View East's demographic stability contrasts with broader trends in Chicago and the United States. Many urban areas have experienced more significant shifts towards increased diversity over the past decade. Chicago as a whole has seen a decrease in its white population and increases in Hispanic and Asian populations. Lake View East's maintained demographic composition suggests it may be somewhat insulated from broader urban demographic trends.
The economic growth in Lake View East outpaces the national average, reflecting the neighborhood's status as a high-income area within Chicago. This economic strength may contribute to the area's resistance to rapid demographic change, as rising property values and living costs can limit accessibility for more diverse populations.
In conclusion, Lake View East has experienced subtle shifts towards increased diversity, particularly in its multiracial population, but remains a predominantly white, affluent neighborhood. The area's economic growth and stable population suggest a community that is resistant to rapid change. As Chicago and the nation continue to diversify, it remains to be seen whether Lake View East will follow suit or maintain its current demographic profile in the coming years.
