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Demographic Analysis of Crestmont Farms: A Predominantly White Neighborhood in Philadelphia
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Crestmont Farms, a neighborhood in Philadelphia, Pennsylvania, exhibits a Low Diversity demographic profile with a White Majority. As of 2022, the neighborhood has a population of 1,781 and a median income of $62,528. Crestmont Farms has maintained a high percentage of white residents over the past decade, which is atypical for an urban neighborhood in Philadelphia.
Throughout the analyzed period (2013-2022), Crestmont Farms has consistently fallen under the Low Diversity category with a strong White Majority. The white population has remained above 88% for the entire period, with minor fluctuations. The Hispanic population increased gradually from 3% in 2013 to 5% in 2022. The Asian population showed volatility, starting at 5% in 2013, dropping to nearly 0% in the mid-2010s, and rising to 7% by 2022. The data shows a consistent 0% Black population throughout the period.
The median income in Crestmont Farms has fluctuated over the years. The neighborhood reached its highest median income of $74,018 in 2014. There has been a general downward trend in median income since 2014, with the 2022 figure ($62,528) being about 15.5% lower than the 2014 peak. The income levels have stabilized somewhat in the last few years, hovering around $62,000-$65,000.
The demographic profile of Crestmont Farms contrasts with Philadelphia as a whole. Philadelphia's overall population is approximately 40% Black, 34% White, 15% Hispanic, and 7% Asian. The lack of racial diversity in Crestmont Farms, particularly the absence of Black residents, is unusual for a Philadelphia neighborhood.
The median household income in Crestmont Farms ($62,528 in 2022) is higher than Philadelphia's overall median income (approximately $52,000 in recent years), indicating that it is a relatively affluent neighborhood within the city. The downward trend in income since 2014 might reflect broader economic challenges faced by the city or region.
In conclusion, Crestmont Farms has maintained a stable, predominantly white population with above-average incomes for Philadelphia. Subtle shifts in Hispanic and Asian populations and a declining median income trend suggest the potential for future demographic and economic changes. The neighborhood's unique racial composition within Philadelphia warrants further study to understand the factors contributing to its demographic stability and potential future trends.
