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Demographic Analysis of Tribeca: Racial Composition and Income Trends from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Tribeca, a neighborhood in Manhattan, New York, exhibits a "White Majority" demographic composition with a median income of $186,320 as of 2022. Over the past decade, Tribeca has undergone a transition in its racial composition. In 2013, the neighborhood was categorized as having "Low Diversity" with a white population of 73%. By 2022, while still maintaining a "White Majority," the community has shifted towards "Moderate Diversity." The percentage of white residents decreased to 63%, while Asian, Hispanic, and Black populations have all seen increases.
This transition is indicative of a "Transitional Community," with consistent growth in minority populations. The Asian population increased from 12% in 2013 to 17% in 2022, while the Hispanic population nearly doubled from 6% to 11% in the same period. Tribeca's median income has remained high throughout the observed period, increasing from $179,804 in 2013 to $186,320 in 2022. This represents a growth of about 3.6% over nine years. The peak median income was observed in 2017 at $188,625, with a slight decline thereafter.
The population has grown from 18,303 in 2013 to 21,608 in 2022, an increase of about 18%. This population growth, coupled with increasing diversity, suggests that the neighborhood is attracting a wider range of affluent residents from various racial backgrounds.
Tribeca's demographic shifts align with broader trends in urban areas, where increasing diversity is often accompanied by gentrification and rising property values. However, Tribeca's high median income sets it apart from many other diversifying neighborhoods. The stability of this high income level, even as the racial composition shifts, suggests that the neighborhood is attracting high-earning individuals from various racial backgrounds.
Compared to national trends, Tribeca's income levels are above average, with the 2022 median income being more than three times the national median household income. The increasing diversity in Tribeca is happening at a slower pace than in many other urban areas, likely due to the neighborhood's high cost of living acting as a barrier to entry for many.
Tribeca presents a case of a high-income, predominantly white neighborhood gradually transitioning towards greater diversity while maintaining its status as one of the most affluent areas in the country. This trend suggests an interplay between wealth, race, and urban development in one of New York City's neighborhoods.
