Loading Content...
Demographic Analysis of Providence Park: Persistence of White Majority and Income Fluctuations
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Providence Park, a neighborhood in Charlotte, North Carolina, exhibits a White Majority demographic composition with a median income of $85,481 as of 2022. The neighborhood is categorized as Low Diversity, with white residents comprising 71% of the population. Providence Park is characterized by upscale residential areas and proximity to SouthPark Mall, a major shopping center in Charlotte.
Over the past decade, Providence Park has maintained its White Majority status, with some fluctuations. The neighborhood experienced increased diversity between 2017-2019, approaching Moderate Diversity status. During this period, the Asian population reached 20% in 2018, and the Hispanic population grew to 11% by 2019. However, by 2020, the area reverted to a stronger White Majority, returning to the Low Diversity category.
The Asian population demonstrated the most significant shift, increasing from 10% in 2013 to 20% in 2018, before declining to 5% by 2022. This pattern may indicate a Transitional Community phase that did not fully materialize, possibly due to economic or housing market factors.
The median income in Providence Park has fluctuated significantly, showing a general downward trend from $126,649 in 2013 to $85,481 in 2022. This decline correlates with periods of increased racial diversity, particularly the growth in Hispanic and Asian populations. The years with the highest diversity (2017-2019) saw median income stabilize around $85,000-$92,000. As the neighborhood reverted to a stronger White Majority from 2020 onwards, incomes showed some recovery, peaking at $99,889 in 2021 before settling at $85,481 in 2022.
The population has remained relatively stable, growing from 2,303 in 2010 to 2,790 in 2022. This suggests that demographic changes were likely due to population turnover rather than significant new development or influx.
The demographic trends in Providence Park partially reflect broader national trends of increasing diversity in suburban areas, although the neighborhood has resisted this trend to some extent. The fluctuation in the Asian population may reflect wider patterns of Asian immigration and subsequent internal migration within the United States. The income trends in Providence Park diverge from national patterns, which generally saw rising median incomes in the latter half of the 2010s. This local divergence could be related to changes in the neighborhood's employment base or shifts in the local housing market.
Providence Park has largely maintained its status as a predominantly white, affluent neighborhood despite experiencing periods of increasing diversity. The economic fluctuations and demographic shifts indicate a dynamic community that has faced challenges in maintaining its historical economic status while navigating changing population demographics. These trends may have implications for local businesses, schools, and community services as they adapt to serve a slowly evolving resident base.
