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Demographic Analysis of Broadway Neighborhood: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Broadway neighborhood in Newport, Rhode Island, exhibits a demographic profile classified as "Low Diversity" as of 2022. The white population constitutes 75% of the neighborhood's 2,343 residents. The median income is $69,741. Broadway is characterized by its historic 19th-century houses and serves as a main thoroughfare in Newport.
Over the past decade, Broadway has maintained a "White Majority" status, with the white population consistently above 69%. The white population peaked at 82% in 2021. The Black population increased from 4% in 2013 to 8% in 2022. The Asian population grew from 1% in 2013 to 6% in 2022. The Hispanic population decreased from 17% in 2013 to 6% in 2022. These changes indicate a trend towards increased diversity, although the neighborhood remains predominantly white.
The median income in Broadway has fluctuated over the past decade. It reached its highest point at $99,547 in 2021, coinciding with the highest percentage of white residents. The lowest point was $62,525 in 2019, corresponding with one of the higher percentages of Black residents (8%). There has been a general upward trend in median income from $72,079 in 2013 to $69,741 in 2022, despite fluctuations.
The population has remained relatively stable, decreasing slightly from 2,402 in 2013 to 2,343 in 2022. This suggests that while the racial composition is slowly diversifying, the neighborhood is maintaining its overall character and appeal.
The trends in Broadway align with some national patterns. The gradual increase in diversity, particularly the growth in Asian and Black populations, reflects broader national trends of increasing diversity in many urban and suburban areas. The fluctuations in median income, with a significant peak in 2021, may be related to national economic trends, including the impacts of the COVID-19 pandemic and subsequent economic recovery. The stability of the white majority, despite slight decreases, is common in many historically white-majority neighborhoods in the Northeast, where demographic changes often occur more slowly than in other regions.
Broadway maintains its status as a predominantly white, moderately affluent neighborhood, while showing signs of gradual diversification. The economic fluctuations, particularly the peak in 2021, suggest a resilient local economy that may be attractive to a slowly diversifying population. These trends indicate that Broadway is experiencing subtle but meaningful demographic evolution while maintaining its core character as a historic and economically stable area within Newport.
