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Silver Lake, Wilmington: A Study of Low Diversity and Racial Demographics
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Silver Lake, a neighborhood in Wilmington, North Carolina, exhibits a "Low Diversity" demographic profile with a White Majority of 83% as of 2022. The area's population has grown steadily over the past decade, reaching 33,960 residents in 2022. The neighborhood has experienced significant income growth, with the median income rising from $62,210 in 2013 to $71,102 in 2022. Silver Lake's proximity to the Cape Fear River and its mix of suburban and waterfront properties contribute to its appeal and demographic composition.
Throughout the 2013-2022 period, Silver Lake has consistently maintained its status as a "Low Diversity" community with a White Majority. The white population has remained relatively stable, fluctuating between 82% and 86%. The Black population increased slightly from 5% in 2013 to 7% in 2022. The Hispanic population remained relatively constant at 4-5%. The Asian population maintained a consistent 1% representation. The "Two or More Races" category increased from 2% in 2013 to 5% in 2022, indicating a trend towards slightly increased diversity.
The median income in Silver Lake has shown significant growth, increasing by about 14.3% from 2013 to 2022. This growth correlates with slight increases in diversity, suggesting the neighborhood may be attracting a more diverse, affluent population. The most substantial income jump occurred between 2019 and 2021, with median income rising from $66,909 to $76,918, before slightly declining in 2022. This economic growth has coincided with population growth, as the number of residents increased from 27,657 in 2013 to 33,960 in 2022, a 22.8% increase.
The demographic trends in Silver Lake somewhat diverge from national trends towards increasing diversity. While the U.S. as a whole has been moving towards becoming a "Majority-Minority" nation, Silver Lake has maintained its status as a predominantly white community. However, the slight increases in diversity, particularly in the "Two or More Races" category, align with broader national trends of increasing multiracial identification.
The economic growth in Silver Lake outpaces the national average. The median household income in the U.S. grew by about 10% between 2013 and 2022, while Silver Lake saw a 14.3% increase. This suggests that the neighborhood is experiencing stronger economic growth than many other parts of the country, which could be a factor in its ability to maintain its demographic composition while slowly increasing in diversity.
Silver Lake remains a "Low Diversity" community with a strong White Majority. Subtle demographic shifts and significant economic growth indicate a slow transition towards increased diversity and affluence. These changes, while gradual, may have long-term implications for the neighborhood's character and community dynamics.
