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Demographic Analysis of Riverland Terrace: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Riverland Terrace, a neighborhood in Charleston, South Carolina, is categorized as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 78% of the neighborhood, and the median income is $82,848. Riverland Terrace is notable for its avenue of oak trees.
Over the past decade, Riverland Terrace has maintained its status as a Low Diversity, White Majority community. The white population has decreased from 84% in 2013 to 78% in 2022. The Black population has fluctuated between 7-13% over the years. The Hispanic population has increased from 2% in 2013 to 8% in 2022. The Asian population has grown from 0% in 2013 to 5% in 2022. These changes indicate a slow movement towards increased diversity within the neighborhood.
The median income in Riverland Terrace has shown an upward trend, rising from $62,508 in 2013 to $82,848 in 2022, representing a 32.5% increase. This economic growth coincides with the gradual diversification of the neighborhood. The population has grown from 3,687 in 2013 to 4,575 in 2022, a 24% increase. The peak median income of $92,531 in 2021 coincides with the highest Hispanic representation (9%) and the emergence of a small Asian population (1%).
Riverland Terrace's gradual diversification aligns with broader national trends of increasing diversity in suburban areas. The growth in Hispanic and Asian populations mirrors similar patterns seen in many U.S. cities and suburbs over the past decade. The income growth in Riverland Terrace outpaces the national average, which saw about a 15-20% increase in median household income over a similar period.
The neighborhood's ability to maintain a strong economic profile while gradually diversifying indicates a potentially positive integration process. Riverland Terrace shows signs of being a Transitional Community. The gradual increase in diversity, coupled with strong economic growth, suggests a neighborhood in the early stages of demographic evolution, balancing change with stability in a manner that appears to be economically beneficial.
