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Demographics
Population
Median Income
Racial Distributions
Newbold, a neighborhood in Philadelphia, Pennsylvania, exhibits Moderate Diversity based on its 2022 racial composition. The white population comprises 44%, with significant Asian (29%) and Black (13%) populations. The area lacks a clear racial majority but maintains a diverse mix. Economically, the neighborhood has experienced growth, with the median income increasing from $37,266 in 2013 to $52,923 in 2022. Newbold is characterized by a combination of long-time residents and newcomers, contributing to its evolving character and growing local business scene.
Over the past decade, Newbold has undergone a transformation in its racial composition. In 2013, the neighborhood was categorized as having Moderate Diversity, with a white plurality (40%) and significant Asian (35%) and Black (14%) populations. By 2022, while still maintaining Moderate Diversity, the neighborhood experienced shifts in its racial makeup. The white population increased to 48% by 2019 before slightly decreasing to 44% in 2022. The Asian population decreased from 35% in 2013 to 29% in 2022. The Hispanic population grew from 5% in 2013 to 8% in 2022. The percentage of residents identifying as two or more races increased from 2% to 6%. These shifts suggest a trend towards a more balanced diversity, with the potential for High Diversity if current trends continue.
The demographic shifts in Newbold correlate with significant economic changes. Median income increased by 42% from 2013 to 2022, rising from $37,266 to $52,923. This income growth coincided with a decrease in population from 9,319 in 2013 to 7,306 in 2022, suggesting a potential gentrification process. The rise in median income parallels the increase in the white population percentage and the growth of the Hispanic community, possibly indicating an influx of higher-income residents from these groups.
Newbold's demographic and economic shifts reflect broader trends seen in many urban neighborhoods across the United States. The neighborhood's increasing diversity aligns with national trends of growing multiracial populations and increasing Hispanic representation in urban areas. The significant income growth outpaces the national average, which saw about a 30% increase in median household income from 2013 to 2022. The population decrease, coupled with rising incomes, mirrors patterns of gentrification seen in other revitalizing urban neighborhoods, particularly in large cities like Philadelphia. The growth in the Hispanic population, while modest, reflects the broader national trend of increasing Hispanic representation in urban areas.
These changes in Newbold represent a microcosm of larger urban demographic shifts, showcasing the dynamic nature of city neighborhoods and the complex interplay between racial composition, economic factors, and community development. As Newbold continues to evolve, it will be crucial to monitor how these changes affect long-time residents and community cohesion, balancing the benefits of economic growth with the preservation of the neighborhood's diverse character.