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Demographics
Population
Median Income
Racial Distributions
Presidential Park, a neighborhood in Riverside, California, exhibits characteristics of a Hispanic Majority community with moderate diversity. As of 2022, the Hispanic population comprises 62% of the neighborhood, with White (24%), Black (6%), and Asian (3%) residents representing significant minority groups. The median income of $78,392 in 2022 indicates a middle-class suburban area. Presidential Park has experienced notable demographic shifts over the past decade.
In 2013, Presidential Park was categorized as a Majority-Minority community, with Hispanic residents (53%) forming a slight majority, followed by White residents (35%). Over the decade, the neighborhood transitioned to a more pronounced Hispanic Majority status. This shift was accompanied by a decrease in the White population percentage and slight increases in Black and multi-racial residents.
The Asian population showed fluctuation, peaking at 10% in 2016-2017 before declining to 3% by 2022. This could indicate a temporary influx followed by outmigration, possibly due to changing economic or social factors in the area.
The median income in Presidential Park has shown overall growth, rising from $71,688 in 2013 to $78,392 in 2022, with some fluctuations. There was a significant spike to $95,929 in 2021, followed by a sharp decline in 2022. This volatility could be related to the economic impacts of the COVID-19 pandemic and subsequent recovery.
The increasing Hispanic majority coincided with a general upward trend in median income, suggesting that the demographic shift was not associated with economic decline. This could indicate successful economic integration of Hispanic residents or the attraction of more affluent Hispanic families to the area.
Population figures have remained relatively stable over the decade, hovering around 5,000-5,500 residents, with a slight decline to 4,924 in 2022. This stability in population, combined with changing demographics, suggests a gradual replacement of residents rather than rapid growth or decline.
The trend in Presidential Park aligns with broader demographic shifts in California, where Hispanic populations have been growing in many urban and suburban areas. The neighborhood's transition to a Hispanic majority reflects statewide trends, as California became a majority-minority state in the early 2000s.
The economic resilience of Presidential Park, maintaining and even increasing median income levels despite demographic changes, is noteworthy. This contrasts with some narratives of economic decline associated with changing racial demographics and suggests a more complex picture of urban socioeconomic dynamics.
The fluctuation in the Asian population percentage might be indicative of broader migration patterns within California, where Asian communities have shown high mobility in response to economic opportunities and housing costs.
Presidential Park exemplifies a Transitional Community that has evolved from a Majority-Minority area to a Hispanic Majority neighborhood over the past decade. This transition has been accompanied by economic stability and growth, challenging simplistic narratives about demographic change and economic outcomes. The neighborhood's experience offers insights into the complex interplay of race, economics, and community dynamics in contemporary urban America.