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Demographic Analysis of Cresent Neighborhood: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Cresent neighborhood in Charleston, South Carolina, is classified as having "Low Diversity" as of 2022. The area is predominantly white (92%) with a median income of $115,777. Cresent is known for its historic charm and proximity to the Ashley River.
Over the past decade, Cresent has maintained its status as a "Low Diversity" neighborhood. From 2013 to 2022, there was a slight decrease in the white population from 100% to 92%, while other racial groups, particularly Asian and Hispanic populations, have seen small increases. Between 2019 and 2022, the Asian population increased from 1% to 3%, the Hispanic population increased from 2% to 3%, and the two or more races category increased from 0% to 2%.
The median income in Cresent has shown fluctuations over the years, with an overall upward trend. In 2013, it was $78,011, decreasing to $70,039 in 2016, then increasing to $97,304 in 2019, and reaching $115,777 in 2022. The population has increased from 786 in 2013 to 1,052 in 2022, indicating growing appeal of the neighborhood.
Cresent's gradual diversification aligns with broader national trends of increasing diversity in urban areas, although the pace of change appears slower than many other urban neighborhoods across the U.S. The significant increase in median income (48% from 2013 to 2022) outpaces national averages, suggesting that Cresent is becoming increasingly affluent.
The combination of slow diversification and rapid income growth indicates that while the neighborhood is becoming more open to diversity, it's primarily attracting high-income residents from various backgrounds. This could potentially lead to socioeconomic disparities within the broader Charleston area if this trend continues.
In conclusion, while Cresent remains a "Low Diversity" neighborhood, it shows early signs of transitioning towards greater diversity. The economic growth in the area is significant and may be a driving factor in attracting a more diverse, albeit affluent, population. These changes, though gradual, could have long-term implications for the neighborhood's character and socioeconomic makeup.
