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Demographic Trends in Centennial Lakes: A Study of Racial Composition from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Centennial Lakes, a neighborhood in Edina, Minnesota, is classified as a Low Diversity community with a White Majority. As of 2022, the population of Centennial Lakes was 1,857 with a median income of $64,379. The neighborhood features a 24-acre park with a 10-acre lake, which serves as a center for community activities and recreation.
Over the past decade, Centennial Lakes has maintained its status as a Low Diversity community with a White Majority. However, there have been gradual changes in the racial composition. The White population, while remaining dominant, decreased from 94% in 2013 to 86% in 2022. The Asian population increased from 3% in 2013 to 7% in 2022, becoming the second-largest racial group. The Black population rose from 0% in 2013 to 5% in 2022. The Hispanic population fluctuated, peaking at 6% in 2017-2018 before declining to 0% in 2022.
The median income in Centennial Lakes has fluctuated over the past decade. From 2013 to 2017, there was a period of decline, with median income dropping from $62,325 to $58,383. From 2018 to 2021, there was a strong recovery and growth phase, with median income rising to a peak of $77,008 in 2021. In 2022, there was a significant drop to $64,379, though still higher than the 2013 level.
These economic shifts correlate with the demographic changes. The period of increasing diversity (2015-2019) coincided with lower median incomes, while the recent increase in median income (2020-2021) occurred alongside a slight reversal in diversity trends, with the white population percentage increasing slightly.
The gradual increase in diversity in Centennial Lakes aligns with broader national trends of increasing racial diversity in suburban areas. However, the neighborhood's pace of diversification appears slower than national averages. The median income fluctuations, particularly the sharp rise in 2020-2021 followed by a decline in 2022, may reflect broader economic trends related to the COVID-19 pandemic and its aftermath.
In conclusion, Centennial Lakes remains a Low Diversity community with a White Majority, but shows signs of slow but steady diversification. The economic fluctuations, particularly in recent years, suggest a community in transition, potentially influenced by both local demographic shifts and broader economic factors. The unique features of the area, such as the Centennial Lakes Park, likely continue to play a role in attracting new residents and shaping the community's evolution.
