Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Alexander Ave in Waterbury, Connecticut, is classified as a "White Majority" neighborhood with moderate diversity as of 2022. The white population comprises 64% of the area, with Hispanic (18%) and Black (12%) populations representing significant minorities. The neighborhood has undergone notable demographic changes over the past decade, accompanied by fluctuations in median income. Alexander Ave is historically significant in Waterbury's industrial past, with many homes dating back to the early 20th century when the city was a major brass manufacturing center.
From 2013 to 2022, Alexander Ave maintained its "White Majority" status while trending towards increased diversity. The white population decreased from 72% to 64%, while Hispanic and Black populations experienced modest increases. The neighborhood transitioned from "Low Diversity" to "Moderate Diversity" during this period. A significant shift occurred around 2015-2016 when the Black population increased from 10% to 12%, and the Hispanic population stabilized around 17%. By 2022, the neighborhood had three significant racial groups (White, Hispanic, and Black), each representing over 10% of the population, indicating progression towards "High Diversity."
The category "Two or More Races" increased from 0% in 2013 to 6% in 2022, further supporting the trend towards a more diverse community. This increase aligns with the definition of a "Transitional Community" in demographic analysis, showing an increasing trend in multiracial residents over the last five years.
The median income in Alexander Ave has shown considerable volatility over the decade. It peaked in 2017 at $94,629 before declining to $77,463 in 2022. This economic fluctuation correlates with the demographic shifts. The period of highest income (2015-2017) coincides with the initial surge in diversity, suggesting that the influx of new residents may have initially brought higher incomes to the area. The subsequent decline in median income, particularly the sharp drop to $65,044 in 2020, occurred as the neighborhood continued to diversify. This could indicate that while the area became more diverse, it also experienced economic challenges.
The population has fluctuated, peaking at 4,823 in 2017 before declining to 3,352 in 2022. This population decrease, coupled with the income decline, suggests that the neighborhood may be experiencing economic stress, possibly leading to out-migration of higher-income residents.
The demographic shifts in Alexander Ave mirror broader national trends of increasing diversity in suburban and urban neighborhoods. However, the economic volatility, particularly the sharp decline in median income, is more pronounced than national averages. This could be related to Waterbury's ongoing transition from its industrial past to a more diverse economic base.
The increase in the multiracial population is noteworthy, as it aligns with national trends showing rapid growth in this demographic category. This trend is often associated with younger, more urban populations and could indicate a generational shift in the neighborhood.
Alexander Ave is undergoing a significant demographic transition, moving from a predominantly white, economically stable neighborhood to a more diverse community facing economic challenges. This transition reflects broader national trends but appears to be occurring more rapidly and with more economic volatility than average, possibly due to Waterbury's unique economic history and ongoing transformation.