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Demographic Analysis of Historic Park Street: A Low Diversity Neighborhood with White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Historic Park Street in St. Petersburg, Florida, is categorized as a "Low Diversity" neighborhood with a "White Majority". As of 2022, 79% of the population identifies as white, with a median income of $80,106. The neighborhood is known for its historic charm and early 20th-century architecture.
Over the past decade, Historic Park Street has maintained its status as a "Low Diversity" area with a "White Majority". In 2013, the neighborhood was 91% white. By 2017, the white population decreased to 80%. The Hispanic population fluctuated, peaking at 12% in 2016 before settling at 5% in 2022. The most significant change has been the increase in residents identifying as two or more races, rising from 2% in 2013 to 11% in 2022.
The demographic shifts correlate with changes in median income. From 2013 to 2022, the median income increased from $63,525 to $80,106. There was a significant spike in median income in 2021 to $116,948, coinciding with an increase in Asian population (4%) and those identifying as two or more races (15%). The population has remained relatively stable, fluctuating between 672 and 837 residents over the decade.
These economic trends suggest that the gradual increase in diversity has been accompanied by rising affluence in the neighborhood. The spike in income in 2021, coupled with increased racial diversity, might indicate an influx of high-earning professionals from diverse backgrounds.
Historic Park Street remains less diverse than many urban areas in Florida. Its gradual shift towards increased diversity aligns with broader national trends of increasing racial and ethnic diversity in urban and suburban areas. However, the neighborhood's persistent "White Majority" and high median income suggest it may be experiencing a slower rate of diversification compared to national averages.
The increase in median income, particularly the spike in 2021, outpaces the national average income growth. This could indicate that Historic Park Street is becoming an increasingly desirable location for affluent residents, potentially due to its historic character and proximity to amenities in St. Petersburg.
In conclusion, while Historic Park Street remains a "Low Diversity" area with a strong "White Majority," subtle demographic shifts and substantial income growth over the past decade suggest the neighborhood may be in the early stages of transition. These changes could have implications for local culture, property values, and community dynamics in the coming years.
