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Demographic Analysis of Olde Providence South: A Predominantly White, Affluent Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Olde Providence South, a neighborhood in Charlotte, North Carolina, is categorized as "Low Diversity" as of 2022. The neighborhood has a white majority of 90% and a median income of $156,252. This affluent area has experienced economic growth and minor demographic changes over the past decade.
Over the past decade, Olde Providence South has maintained its "Low Diversity" status. The white population increased from 85% in 2013 to 90% in 2022. The Asian population grew from 2% to 5%, while the black population decreased from 5% to 1%. The Hispanic population remained stable between 2-4%. These changes indicate a gradual trend towards slightly increased diversity, primarily due to growth in the Asian population.
The neighborhood has seen significant economic growth. The median income increased from $103,947 in 2013 to $156,252 in 2022, representing a 50% growth over nine years. The population slightly decreased from 5,113 in 2013 to 4,828 in 2022, a change of about 5.5%. The rising median income and stable population suggest increasing affluence in the neighborhood.
Olde Providence South's median household income of $156,252 in 2022 is significantly higher than the national median of approximately $70,784 in 2021. The neighborhood's racial composition differs from national averages. As of 2021, the U.S. population was approximately 60% white, 13% black, 6% Asian, and 19% Hispanic. Olde Providence South's 90% white population indicates it is less diverse than the nation as a whole. The neighborhood's economic growth outpaces national trends, with a 50% increase in median household income compared to the national growth of about 10% from 2013 to 2021.
Olde Providence South is a highly affluent, predominantly white neighborhood that has experienced substantial economic growth over the past decade. It remains categorized as "Low Diversity," with subtle signs of increasing diversity, primarily driven by growth in the Asian population. These demographic shifts, coupled with significant income growth, suggest a neighborhood in transition. The area's economic prosperity and demographic composition differ from national averages, indicating a unique local context that may present both opportunities and challenges for community cohesion and inclusivity in the future.
