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Demographics
Population
Median Income
Racial Distributions
Elliot Park, a neighborhood in Minneapolis, Minnesota, exhibits a Moderate Diversity profile with a White Majority. As of 2022, the neighborhood has a population of 6,961 and a median income of $42,729. Elliot Park is known for its historic character and proximity to downtown Minneapolis, which has likely influenced its demographic and economic evolution over the past decade.
From 2013 to 2022, Elliot Park has maintained its status as a White Majority neighborhood, with the white population consistently representing over 50% of residents. The white population percentage has remained relatively stable, fluctuating between 53% and 57%. The Black population has seen a gradual decrease from 32% in 2013 to 26% in 2022. There has been a slight increase in Asian and Hispanic populations, both growing from 3-4% to 5-6% over the decade. These changes suggest a trend towards increased diversity, though not enough to shift the neighborhood into a different category.
The median income in Elliot Park has shown notable fluctuations over the past decade. From 2013 to 2019, the median income remained relatively stable, ranging from $33,736 to $37,377. A significant drop occurred in 2020, with the median income falling to $29,217, likely due to the economic impact of the COVID-19 pandemic. Since then, there has been a recovery, with the median income reaching $42,729 in 2022, the highest in the observed period.
The economic trend correlates with the demographic shifts. The increase in median income coincides with a slight decrease in the Black population percentage and increases in Asian and Hispanic populations. The overall population has remained relatively stable, suggesting that the income changes may be more related to changing job markets or gentrification rather than large-scale population turnover.
The trend of increasing diversity in urban neighborhoods is consistent with national patterns in many U.S. cities. The economic recovery post-2020 is also reflective of broader national trends, though Elliot Park's recovery appears to be particularly strong, with median income surpassing pre-pandemic levels. The maintenance of a White Majority in an urban neighborhood, while still showing increasing diversity, is somewhat less common in many major cities where demographic shifts have been more pronounced.
Elliot Park presents a case of a neighborhood maintaining its overall demographic character while experiencing subtle shifts towards greater diversity and significant economic fluctuations. The strong economic recovery post-2020, combined with the gradual diversification, suggests a neighborhood in transition, potentially attracting a more diverse, higher-income population while still maintaining its core community structure.