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Demographic Analysis of Genesis Park: A Predominantly Black Neighborhood in Charlotte, North Carolina
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Genesis Park, a neighborhood in Charlotte, North Carolina, exhibits a Low Diversity demographic profile with a strong Racial Majority of Black residents. As of 2022, the neighborhood has a population of 393 and a median income of $33,844. Genesis Park has undergone significant economic changes over the past decade, which have shaped its current socio-economic landscape.
Throughout the analyzed period (2013-2022), Genesis Park has consistently maintained a Low Diversity profile with a strong Racial Majority of Black residents. The percentage of Black residents has remained above 89% throughout this period, with a peak of 97% in 2016. There have been minor fluctuations in other racial groups, but none significant enough to shift the neighborhood's diversity category. A slight decrease in the Black population from 96% in 2021 to 93% in 2022, a small increase in the White population from 2% in 2020 to 5% in 2022, and the appearance of a small Native American population (1%) in 2022 have been observed.
The neighborhood has experienced significant economic growth over the past decade. Median income has increased from $17,115 in 2013 to $33,844 in 2022, nearly doubling over this period. There was a notable jump in median income from $29,697 in 2019 to $33,832 in 2020. This economic growth has occurred while maintaining a relatively stable racial composition, suggesting that the existing community has experienced economic upliftment rather than being displaced by gentrification.
Population trends show some fluctuation. Population peaked at 478 in 2015 and has since declined to 393 in 2022. This decline in population coupled with rising incomes could indicate some outmigration of lower-income residents or a shift in household composition.
The persistent Low Diversity profile of Genesis Park contrasts with broader trends in many urban areas, which have seen increasing diversity over the past decade. However, the significant income growth in the neighborhood aligns with national trends of economic recovery and growth following the 2008 recession. The median income of $33,844 in 2022, while showing substantial growth, still falls below the national median household income. This suggests that while Genesis Park has made economic strides, it still faces economic challenges compared to national averages.
The stability of the racial composition in Genesis Park, particularly its high percentage of Black residents, is noteworthy in the context of Charlotte, which is known for being a diverse city. This stability might indicate strong community ties and a sense of cultural identity within Genesis Park that has persisted despite economic changes.
Genesis Park presents a case of a predominantly Black neighborhood experiencing significant economic growth while maintaining its racial composition. This suggests a pattern of community-based economic development rather than demographic turnover, which could offer insights for urban planners and policymakers interested in promoting economic growth without disrupting existing community structures.
