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Demographics
Population
Median Income
Racial Distributions
Cottrell Farms, a neighborhood in Richmond, Virginia, has undergone significant demographic changes from 2013 to 2022. The area transitioned from a Black Majority community to a Transitional Community trending towards High Diversity. As of 2022, the neighborhood has a population of 2,339 and a median income of $60,135.
From 2013 to 2016, Cottrell Farms maintained a Black Plurality, with the Black population decreasing from 50% to 36%. Between 2017 and 2020, the neighborhood shifted to Moderate Diversity, with significant representation from Black, White, and Hispanic populations. In 2021-2022, Cottrell Farms became a Transitional Community, with the Hispanic population growing from 4% in 2013 to 31% in 2022, while Black and White populations decreased.
The demographic shifts correlate with fluctuations in median income. When the Black Majority/Plurality was strongest in 2013-2014, median income was at its highest ($68,164 in 2013). As the community became more diverse from 2015 to 2020, median income generally decreased, reaching a low of $57,356 in 2019. With the rise in Hispanic population in 2021-2022, median income showed signs of recovery, increasing to $63,690 in 2021 before slightly declining to $60,135 in 2022.
The demographic shifts in Cottrell Farms mirror broader national trends of increasing diversity in urban neighborhoods. Many U.S. cities have experienced similar transitions, with growing Hispanic populations and decreasing percentages of Black and White residents. This pattern is often associated with changing immigration patterns, gentrification in some areas, and shifts in housing affordability.
The economic fluctuations in Cottrell Farms also reflect national patterns where increasing diversity can initially correlate with economic challenges, followed by potential stabilization as communities adapt and new economic opportunities emerge. However, the neighborhood's median income remains above the national median, suggesting that despite changes, Cottrell Farms maintains a relatively stable economic position.
Cottrell Farms exemplifies the dynamic nature of urban demographics in the United States. Its transition from a Black Majority community to a highly diverse, transitional neighborhood reflects broader societal changes and presents both challenges and opportunities for community cohesion and economic development.