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Demographic and Economic Trends in Silver Hill/Magnolia: A Black Majority Neighborhood in Charleston
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Silver Hill/Magnolia, a neighborhood in Charleston, South Carolina, is characterized as a Black Majority community. As of 2022, the Black population comprises 77% of the neighborhood, while the White population accounts for 22%. The area has experienced economic growth over the past decade, with median income increasing from $17,229 in 2013 to $32,390 in 2022. This neighborhood holds historical significance in Charleston's African American community.
Over the past decade, Silver Hill/Magnolia has maintained its status as a Black Majority community. However, a trend of gradual racial diversification is evident. The Black population percentage has decreased from 86% in 2013 to 77% in 2022, while the White population has increased from 10% to 22% during the same period. Despite these changes, the neighborhood remains categorized as Black Majority.
The neighborhood has experienced substantial economic growth, with median income nearly doubling from 2013 to 2022. This growth correlates with the gradual increase in racial diversity, suggesting that economic improvements may be attracting a more diverse population. The peak median income of $39,481 in 2021 is notable, indicating a potential influx of higher-income residents.
Population figures have remained relatively stable, with a slight increase from 2,850 in 2013 to 3,355 in 2022. This stability, combined with rising incomes and increasing diversity, suggests a gradual process of neighborhood change rather than rapid gentrification.
The changes observed in Silver Hill/Magnolia reflect broader trends seen in many urban areas across the United States, where historically Black neighborhoods in desirable city locations experience gradual demographic shifts and economic improvements. The persistence of a strong Black majority in this neighborhood suggests a level of community resilience and cultural preservation.
The economic growth in Silver Hill/Magnolia is significant when compared to national trends. While the neighborhood's median income remains below the national average, its rate of growth outpaces many areas, potentially indicating targeted development efforts or spillover effects from Charleston's overall economic growth.
Silver Hill/Magnolia presents a case of a neighborhood undergoing gradual change while maintaining its core demographic character. The combination of economic growth and slow diversification suggests a balance between development and community preservation, which will be important to monitor in the coming years to ensure equitable outcomes for long-term residents.
