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Demographic Analysis of Passyunk Square: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Passyunk Square, a neighborhood in Philadelphia, Pennsylvania, exhibits a "White Majority" demographic composition with a median income of $66,695 as of 2022. The area has maintained a consistent racial makeup over the past decade, with white residents comprising about two-thirds of the population. Passyunk Square is known for its food scene, particularly its cheesesteak rivalry between Pat's and Geno's.
Throughout the 2013-2022 period, Passyunk Square has consistently maintained its status as a "White Majority" neighborhood, with the white population fluctuating between 59% and 66%. There have been subtle shifts in other racial groups. The Asian population fluctuated between 15-22%, showing a slight decrease in recent years. The Hispanic population remained relatively stable around 10-12%. The Black population increased slightly from 2% to 4% in the mid-2010s, then returned to 2%. The Two or More Races category showed an increase from 2% to 6% by 2022.
The median income in Passyunk Square has shown an overall upward trend. In 2013, it was $54,114. By 2017, it increased to $62,872, a 16% increase from 2013. In 2021, it reached $86,165, a 37% increase from 2017. In 2022, it decreased to $66,695, but remained higher than 2017. This economic growth correlates with the stability of the white majority and might suggest a gentrification process. The sharp increase in 2021 followed by a decrease in 2022 could be attributed to pandemic-related economic fluctuations.
Population figures have remained relatively stable, ranging from about 8,800 to 10,000 residents, with a slight overall increase from 2013 to 2022.
The demographic stability of Passyunk Square contrasts with broader trends in many urban areas across the United States, where increased diversity and demographic shifts have been more pronounced. The neighborhood's economic growth, particularly until 2021, aligns with national trends of urban revitalization and gentrification in many city centers.
The slight increase in diversity, particularly in the multiracial category, reflects a national trend. According to the 2020 U.S. Census, the multiracial population in America grew significantly faster than any single-race population between 2010 and 2020.
The economic resilience of Passyunk Square, maintaining a higher median income in 2022 compared to a decade ago despite recent fluctuations, suggests a relatively stable and potentially gentrifying urban neighborhood. This pattern is similar to other revitalizing urban areas in major U.S. cities, where historically working-class neighborhoods have seen an influx of higher-income residents, often maintaining or slightly increasing racial homogeneity.
While Passyunk Square has not undergone dramatic demographic shifts, its subtle changes in diversity coupled with overall economic growth indicate a gradually evolving urban neighborhood, balancing tradition with slow-paced change.
