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Demographic Analysis of Historic Racemere Peninsula: A Study of Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Historic Racemere Peninsula neighborhood in Goshen, Indiana, exhibits a demographic profile categorized as "Low Diversity" based on current data. As of 2022, the neighborhood has a white majority comprising 78% of the population, with a median income of $56,773. The area is characterized by its location along the Elkhart River, featuring natural landscapes and historic homes.
Over the past decade, the Historic Racemere Peninsula has experienced subtle demographic changes. The neighborhood has consistently maintained a "Low Diversity" classification from 2013 to 2022, with the white population remaining above 75% throughout most of this period. A gradual increase in representation from other racial groups has been observed, with the percentage of white residents decreasing from 89% in 2016 to 78% in 2022. The 2022 data indicates a notable increase in the "race_other" category at 10%.
The economic landscape of the neighborhood has shown fluctuations over the past decade. The median income has experienced significant variations, peaking at $70,191 in 2014 and reaching a low of $45,576 in 2021. After a sharp decline in 2021, the median income rebounded to $56,773 in 2022. The neighborhood's population has fluctuated, decreasing from 904 in 2014 to 552 in 2020, followed by a rebound to 809 in 2022.
Analysis suggests a possible positive relationship between increased diversity and economic prosperity, as periods of higher median income (2014-2015) coincided with slightly higher diversity levels. The slight increase in diversity from 2020 to 2022 correlates with a recovery in median income, potentially indicating that new residents are contributing to economic growth.
The slow increase in diversity in Historic Racemere Peninsula aligns with broader national trends of increasing diversity in suburban areas, though at a slower rate than many comparable suburbs. The neighborhood's ability to rebound from economic setbacks, as seen in the 2021-2022 income recovery, suggests a level of economic resilience that may be characteristic of well-established, historic neighborhoods. The fluctuations in population and income, coupled with the area's historic charm, might indicate ongoing gentrification processes.
In conclusion, the Historic Racemere Peninsula maintains its status as a predominantly white, low-diversity neighborhood, with subtle shifts towards greater diversity emerging. These demographic changes, coupled with economic fluctuations, suggest a neighborhood in transition, balancing its historic character with evolving socio-economic dynamics. The coming years may be crucial in determining whether this slow diversification trend continues and how it impacts the neighborhood's economic and social fabric.
