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Demographic Analysis of Times Square: Moderate Diversity with White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Times Square, located in Manhattan, New York, exhibits moderate diversity with a slight white majority as of 2022. The racial composition consists of 50% white, 17% Asian, 16% Hispanic, and 9% Black residents. The neighborhood's median income in 2022 was $99,821. Times Square, known as "The Crossroads of the World," is a major commercial intersection, tourist destination, and entertainment center, which influences its demographic makeup and economic characteristics.
Over the past decade, Times Square has maintained a relatively stable racial composition, consistently categorized as "Moderate Diversity" with a slight "White Majority." The white population has remained between 50-55% throughout the decade. The Asian population decreased slightly from 21% in 2013 to 17% in 2022. The Hispanic population has remained relatively constant at 16-17%. The Black population increased from 6% in 2013 to 9% in 2022. The most notable change is the increase in those identifying as two or more races, rising from 1% in 2013 to 6% in 2022.
The median income in Times Square has shown an overall upward trend, increasing from $93,861 in 2013 to $99,821 in 2022, with fluctuations in between. There was a significant spike to $108,100 in 2021. The population has remained relatively stable, fluctuating between 9,500 and 10,500 residents over the decade. This stability in population, combined with the gradual increase in income, suggests a consistently desirable neighborhood with potential gentrification pressures.
Times Square's demographic trends align with broader patterns seen in many urban centers across the United States, where there is a gradual increase in diversity, particularly in multiracial populations. However, the neighborhood's high median income and relatively stable racial composition differentiate it from many other urban areas experiencing more rapid demographic shifts.
The slight increase in the Black population and the more significant rise in multiracial residents could reflect broader national trends of increasing diversity in urban centers. However, the relative stability of the white majority in Times Square contrasts with some other major urban areas that have seen more pronounced shifts away from white majorities.
The economic trajectory of Times Square, with its high and increasing median income, reflects its status as a prime Manhattan location. This trend aligns with the broader pattern of income growth in desirable urban centers but outpaces national averages, highlighting the neighborhood's unique economic position.
In conclusion, Times Square maintains its status as a moderately diverse area with a slight white majority, while subtle shifts towards increased diversity are evident. These changes, coupled with rising incomes, suggest a gradual evolution of the neighborhood's demographic and economic landscape, reflective of its unique position as a global tourist destination and prime urban location.
