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Demographic Analysis of Riverside Park: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Riverside Park in Milwaukee, Wisconsin, is a predominantly White Majority neighborhood with moderate diversity as of 2022. The white population comprises 74% of residents, and the median income is $39,346. This neighborhood is located along the Milwaukee River and is known for its natural features and outdoor recreational opportunities.
Over the past decade, Riverside Park has maintained its status as a White Majority community while gradually increasing in diversity. In 2013, the neighborhood exhibited Low Diversity with an 84% white population. By 2022, it had transitioned to Moderate Diversity, with the white population decreasing to 74% and other racial groups gaining representation. This shift indicates a Transitional Community status, particularly evident in the growth of Hispanic, Asian, and Black populations.
The demographic shifts correlate with changes in median income. From 2013 to 2022, median income increased from $30,040 to $39,346, representing a 31% rise. This growth was not steady and included fluctuations, with peaks in 2017 ($39,282) and 2021 ($45,132). The income growth coincided with the increase in diversity, suggesting that the influx of diverse populations may have contributed to economic vitality.
Population trends show slight fluctuations. The population peaked in 2015 at 2,743 residents. By 2022, it had decreased to 2,243, possibly indicating changing housing preferences or economic factors.
These trends align with broader national patterns. Many urban areas are experiencing increased diversity, particularly in historically white-majority neighborhoods. The growth in median income (31% over a decade) outpaces national averages, suggesting Riverside Park may be becoming more affluent relative to other areas. The maintenance of a white majority, albeit declining, is common in many transitioning urban neighborhoods, often preceding further diversification.
Riverside Park exemplifies a community in transition. While maintaining its White Majority status, it shows clear signs of increasing diversity and economic growth. These changes likely reflect broader urban trends of gentrification and demographic shifts, potentially driven by the neighborhood's natural amenities and proximity to urban centers. The correlation between increasing diversity and rising incomes suggests a complex interplay of social and economic factors shaping the neighborhood's evolution.
