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Demographics
Population
Median Income
Racial Distributions
The Oak neighborhood in Albany, Oregon, is experiencing a demographic transition from a predominantly White community to one with increasing diversity. In 2022, the white population comprised 72% of residents, categorizing Oak as a Low Diversity community with a White Majority. However, the neighborhood is showing signs of evolving into a Transitional Community, with growing representation from Hispanic and multiracial populations over the past decade. Economically, the area has seen fluctuations in median income, with a notable increase in recent years.
From 2013 to 2022, Oak has maintained its White Majority status while steadily transitioning towards increased diversity. The Hispanic population grew from 8% in 2013 to 22% in 2022, and the percentage of residents identifying as two or more races increased from 1% to 5%. This trend indicates a shift towards a Transitional Community. Potential factors contributing to this demographic shift include regional immigration patterns, economic opportunities attracting a diverse workforce, and changing housing preferences or affordability issues in surrounding areas.
The median income in Oak has shown an overall upward trend. In 2013, the median income was $46,878, rising to $57,009 by 2022, with a peak of $63,162 in 2021. This economic growth coincides with the increasing diversity of the neighborhood, suggesting a possible correlation between the two trends. The population of Oak has remained relatively stable over the decade, with minor fluctuations.
The demographic shifts observed in Oak align with broader trends seen across many parts of the United States, where traditionally homogeneous communities are experiencing increases in diversity, particularly with growth in Hispanic and multiracial populations. Oak's transition appears to be more gradual compared to some rapidly diversifying areas in larger metropolitan regions. This slower pace of change may allow for a more organic integration of new residents and potentially reduce social tensions that can sometimes accompany rapid demographic shifts.
The neighborhood's economic resilience, as evidenced by the overall upward trend in median income despite national economic challenges, suggests that Oak may be benefiting from a diversifying economy and workforce. This economic stability could be a factor in attracting a more diverse population to the area.
In conclusion, while Oak remains predominantly white, its evolving demographic composition and steady economic growth indicate a community in transition. As it moves towards greater diversity, Oak may face both opportunities and challenges in maintaining community cohesion and adapting local services and institutions to meet the needs of a changing population. The neighborhood's ability to navigate this transition while maintaining its economic stability will be crucial in shaping its future character and quality of life for all residents.