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Demographic and Economic Trends in Old Southeast: A Study of Racial Composition and Income Changes
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Old Southeast in St. Petersburg, Florida, is a predominantly White Majority neighborhood with a median income of $68,973 as of 2022. The community has maintained this racial composition throughout the analyzed period, with fluctuations in diversity levels. Old Southeast is known for its historic charm, featuring many early 20th-century homes and a strong sense of community.
From 2013 to 2022, Old Southeast has consistently remained a White Majority neighborhood, with the white population ranging from 53% to 68%. There have been notable fluctuations in diversity levels. From 2013-2014, the neighborhood showed Moderate Diversity, with significant Black (35-40%) and White (53-55%) populations. From 2015-2020, the area transitioned to lower diversity, with the White population increasing to 60-64%, while the Black population decreased to 23-31%. In 2021-2022, the trend continued, with the White population reaching 68%, pushing the neighborhood closer to Low Diversity status.
The median income in Old Southeast has shown significant growth, rising from $47,557 in 2013 to $68,973 in 2022, a 45% increase. A sharp increase in median income occurred from 2016 ($57,284) to 2017 ($71,424), coinciding with a slight increase in the White population percentage. The highest median income was recorded in 2021 at $91,363, corresponding with one of the highest White population percentages (65%). Despite some fluctuations, the overall trend shows a positive correlation between increasing median income and the growing White majority.
The population has remained relatively stable, ranging from 1,070 to 1,670 residents, with no clear correlation to income or racial composition changes.
The trends observed in Old Southeast align with broader patterns of gentrification seen in many historic urban neighborhoods across the United States. The increasing median income and growing White majority are common indicators of this process. The neighborhood's relatively stable population suggests that wholesale displacement may not be occurring, unlike in some rapidly gentrifying areas.
Nationally, the median household income grew by about 10% between 2013 and 2022, making Old Southeast's 45% growth significantly higher than the national average. This above-average income growth, coupled with the demographic shifts, indicates that Old Southeast may be experiencing more rapid economic changes than many other U.S. neighborhoods.
The persistent White majority in Old Southeast contrasts with national trends towards increasing diversity in many urban areas. This could be due to the neighborhood's historic character and established community, which might attract a specific demographic interested in preserving its traditional feel.
Old Southeast presents a case of a historically significant neighborhood experiencing gradual gentrification, characterized by increasing incomes and a strengthening White majority. These changes may bring economic benefits but also raise questions about maintaining diversity and affordability in this St. Petersburg community.
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