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Demographics
Population
Median Income
Racial Distributions
Madison Park, a neighborhood in Charlotte, North Carolina, displays characteristics of Low Diversity with a White Majority. In 2022, 82% of its population identified as white. The neighborhood experienced steady population growth over the past decade, reaching 6,320 residents in 2022. The median income in Madison Park was $87,891 in 2022, indicating an affluent area within Charlotte. The neighborhood is known for its mid-century modern architecture, with many homes dating back to the 1950s and 1960s.
Throughout the period from 2013 to 2022, Madison Park consistently maintained its status as a White Majority neighborhood. The white population percentage increased from 70% in 2013 to 82% in 2022, reinforcing its Low Diversity categorization. The Hispanic population fluctuated, peaking at 15% in 2019 before decreasing to 8% in 2022. The Asian population remained relatively stable between 2-4% throughout the decade. The Black population consistently remained around 2% with minimal change.
The neighborhood has shown a trend towards increasing homogeneity, moving further into the Low Diversity category over time. The median income in Madison Park increased from $84,035 in 2013 to $87,891 in 2022, representing a 4.6% growth over the decade. The highest median income was recorded in 2018 at $94,612, followed by a slight decline. The population grew by approximately 23% from 2013 to 2022, indicating the neighborhood's increasing attractiveness.
The economic trends suggest that as the neighborhood became more homogeneous, it also became slightly more affluent. However, the income growth has not been as significant as the demographic shift, indicating that other factors may be influencing the attraction of new residents.
The trend towards increasing homogeneity in Madison Park contrasts with many urban areas across the US, which have been experiencing increasing diversity. The median income in Madison Park ($87,891 in 2022) is higher than the US median household income (approximately $70,784 in 2021), indicating that this is an affluent neighborhood. The steady population growth suggests that Madison Park is an attractive area within Charlotte, possibly due to its architectural character and quality of life.
Madison Park presents a case of a neighborhood that has become less diverse over time while maintaining its economic appeal. This trend raises questions about the factors driving this demographic consolidation and its potential long-term implications for the community's social and economic fabric.