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Demographics
Population
Median Income
Racial Distributions
Oakwood, a neighborhood in Crafton, Pennsylvania, is characterized as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 88% of the total. The median income has increased over the past decade, reaching $70,838 in 2022. Oakwood is recognized for its historic charm, featuring early 20th-century homes that contribute to its character within the Pittsburgh metropolitan area.
Over the past decade, Oakwood has maintained its status as a Low Diversity community with a White Majority. The white population has decreased from 94% in 2013 to 88% in 2022. There have been slight increases in Asian (0% to 3%), Hispanic (0% to 3%), and Two or More Races (2% to 4%) populations. The Black population has remained relatively stable, fluctuating between 1-4% throughout the decade. These changes suggest a gradual transition towards increased racial diversity.
The economic landscape of Oakwood has experienced significant positive changes. Median income has increased from $59,569 in 2013 to $70,838 in 2022, a rise of about 19%. This income growth outpaces inflation over the same period, indicating real economic gains for residents. The population has remained relatively stable, decreasing slightly from 3,960 in 2013 to 3,954 in 2022.
The rising median income coupled with stable population suggests that the neighborhood is experiencing economic uplift without significant demographic turnover. This could indicate that long-term residents are benefiting from improved economic conditions, rather than being displaced by higher-income newcomers.
Oakwood's demographic changes align with broader national trends of increasing diversity in suburban areas. However, the pace of change in Oakwood appears slower than national averages. The economic growth in Oakwood is notable, especially considering the challenges faced by many rust belt communities in Pennsylvania. This positive economic trajectory could be attracting a more diverse population, albeit at a gradual pace.
The stability of Oakwood's population, coupled with rising incomes, suggests a community that is maintaining its character while improving economically. This contrasts with some urban neighborhoods that experience rapid gentrification and displacement.
Oakwood remains a Low Diversity, White Majority community, but subtle demographic shifts and significant economic improvements indicate a neighborhood in slow transition. The challenge for Oakwood may be to continue its economic growth while fostering greater inclusivity and diversity, balancing its historic character with evolving demographic realities.