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Dale Terrace/Olympus/Victory Square: A Study of Racial Demographics and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Dale Terrace/Olympus/Victory Square neighborhood in Savannah, Georgia, is characterized as a Black Majority community with moderate diversity. As of 2022, the Black population comprises 54% of the neighborhood, while the White population accounts for 37%. The area has a median income of $30,729. The neighborhood is located near Savannah's historic district.
Over the past decade, the neighborhood has maintained its status as a Black Majority community, but with notable changes in racial composition. The Black population reached 63% in 2017 but decreased to 54% in 2022. The White population fluctuated between 30-41% during this period. The Hispanic population remained minimal, ranging from 1-5% in some years. The population identifying as two or more races increased from 0% in 2017 to 9% in 2022, indicating a trend towards a Transitional Community.
The median income in the neighborhood has shown a downward trend. It peaked at $33,558 in 2014 and decreased to $30,729 in 2022, representing an 8.4% decline over eight years, not accounting for inflation. This economic decline coincides with the gradual decrease in the Black majority and the increase in racial diversity.
Population trends in the neighborhood have been volatile. The population was at its lowest at 643 in 2011, peaked at 1,087 in 2021, and stood at 932 in 2022. A sharp increase occurred from 2020 to 2021, followed by a decline in 2022, potentially indicating rapid changes in the neighborhood's composition or desirability.
The median income of $30,729 is below the national median household income of $70,784 in 2021, suggesting significant economic challenges in the neighborhood. The increasing diversity, particularly in the multiracial population, aligns with national trends observed in the 2020 U.S. Census. However, the economic decline in this neighborhood contrasts with the general trend of economic recovery and growth experienced in many parts of the U.S. following the 2008 recession.
In conclusion, the Dale Terrace/Olympus/Victory Square neighborhood is transitioning from a predominantly Black Majority community to one with increasing diversity, particularly in the multiracial category. This demographic shift is occurring alongside economic challenges, with declining median incomes potentially influencing or resulting from these changes. The neighborhood's proximity to Savannah's historic district may contribute to these dynamics.
