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Demographic Analysis of Providence Plantation: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Providence Plantation, a neighborhood in Charlotte, North Carolina, exhibits a Low Diversity demographic profile with a White Majority of 77% as of 2022. The area has a high median income of $148,027 in 2022, significantly above national averages. Providence Plantation is characterized by large, upscale homes and tree-lined streets, indicative of its status as an exclusive residential area in Charlotte.
Over the past decade, Providence Plantation has maintained its Low Diversity status with a consistent White Majority. However, subtle demographic shifts have occurred. The white population has gradually declined from 84% in 2014 to 77% in 2022. The Asian population has shown the most significant growth, increasing from 6% in 2014 to 11% in 2022. The Hispanic population has modestly increased from 3% in 2014 to 6% in 2022. The black population has remained relatively stable, fluctuating between 3-6% throughout the decade.
The demographic shifts in Providence Plantation have occurred alongside significant economic growth. The median income has risen from $126,317 in 2014 to $148,027 in 2022, an increase of about 17%. The population has grown from 13,763 in 2014 to 14,975 in 2022, an increase of about 8.8%. The correlation between the increasing Asian population and rising median income is notable, potentially indicating an influx of highly skilled, well-compensated Asian professionals.
Providence Plantation's demographic and economic trends reflect broader patterns seen in many affluent suburbs across the United States. Many traditionally white, affluent suburbs are experiencing slow but steady increases in diversity, particularly with growth in Asian and Hispanic populations. The substantial increase in median income aligns with national trends of growing wealth concentration in high-income areas. Despite national economic challenges, including the COVID-19 pandemic, Providence Plantation has maintained its economic strength, as evidenced by the continued rise in median income. The modest but steady population growth suggests that affluent suburbs like Providence Plantation continue to attract residents seeking spacious homes and high-quality amenities.
Providence Plantation remains a predominantly white, high-income area, but it is experiencing a gradual shift towards greater diversity. This trend, coupled with strong economic growth, suggests a dynamic and evolving community that maintains its desirability while slowly becoming more reflective of the broader demographic changes occurring across the United States.
