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Demographics
Population
Median Income
Racial Distributions
Irving Woods, a Chicago neighborhood, exhibits characteristics of a White Majority community with increasing diversity. As of 2022, the neighborhood has a population of 5,553 and a median income of $89,324. Irving Woods is transitioning from a predominantly white area to one with growing Hispanic and Asian populations, reflecting broader demographic shifts in urban areas across the United States.
Over the past decade, Irving Woods has undergone a transformation in its racial composition. In 2013, the neighborhood was categorized as Low Diversity, with whites comprising 80% of the population. By 2022, the community had evolved into a White Majority (64%) with elements of Moderate Diversity. The Hispanic population increased from 17% in 2013 to 25% in 2022. The Asian population grew from virtually non-existent to 6% over the same period. This shift suggests a Transitional Community, moving towards greater diversity.
The demographic changes in Irving Woods correlate with an increase in median income. From 2013 to 2022, the median income rose from $75,724 to $89,324, an 18% increase. This economic growth coincided with the influx of diverse populations, suggesting that the neighborhood has attracted middle to upper-middle-class families from various ethnic backgrounds. The overall population remained relatively stable, fluctuating between 5,500 and 6,300 residents. This stability in population size, combined with increasing diversity and rising incomes, may indicate a gradual turnover of residents rather than a sudden influx or exodus.
The trends observed in Irving Woods align with patterns seen in many urban areas across the United States. Many formerly homogeneous neighborhoods are experiencing increased racial and ethnic diversity, often accompanied by rising property values and incomes. This phenomenon, sometimes referred to as "demographic inversion," has been observed in numerous cities where middle and upper-middle-class families of diverse backgrounds are moving into or remaining in urban neighborhoods.
The growth of the Hispanic and Asian populations in Irving Woods mirrors national trends, where these groups have been among the fastest-growing segments of the U.S. population. However, the neighborhood's retained White Majority status distinguishes it from some urban areas that have transitioned to Majority-Minority status. The economic trajectory of Irving Woods, with its rising median income, also reflects a broader trend of income growth in select urban neighborhoods. This trend often coincides with increased diversity and can sometimes lead to concerns about gentrification and affordability for long-term residents.
Irving Woods presents a microcosm of demographic and economic shifts occurring in many urban American neighborhoods. Its evolution from Low Diversity to Moderate Diversity, coupled with income growth, illustrates the interplay between racial composition, economic factors, and urban development in the 21st century.