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Demographics
Population
Median Income
Racial Distributions
Governor's Square in Charlotte, North Carolina, is a predominantly White Majority neighborhood with a high median income. As of 2022, the community exhibits Low Diversity, with 75% of the population identifying as white. The neighborhood has experienced significant economic growth over the past decade, with median income increasing from $82,692 in 2013 to $176,586 in 2022. Governor's Square is known for its well-maintained green spaces and community parks.
Over the past decade, Governor's Square has undergone a subtle transition in its racial composition. In 2013, the neighborhood was a White Majority area with very Low Diversity, where 86% of the population identified as white. By 2022, while still maintaining a White Majority status, the community has shown signs of becoming more diverse, albeit slowly.
The most significant change has been the increase in Asian and Hispanic populations. The Asian population grew from 0% in 2013 to 8% in 2022, while the Hispanic population increased from 3% to 11% in the same period. This trend suggests that Governor's Square may be in the early stages of becoming a Transitional Community, moving towards Moderate Diversity.
Despite these changes, the neighborhood has maintained its White Majority status throughout the decade. However, the decrease from 86% white in 2013 to 75% in 2022 indicates a gradual shift towards increased diversity.
The demographic shifts in Governor's Square correlate with significant economic changes. The median income has shown an upward trend, increasing from $82,692 in 2013 to $176,586 in 2022. This increase in median income suggests that the neighborhood has become increasingly attractive to high-income earners, potentially including affluent Asian and Hispanic families.
The population has grown moderately, from 1,495 in 2013 to 1,551 in 2022, with some fluctuations in between. The peak population of 1,887 in 2020 coincided with a significant increase in median income, suggesting a possible influx of wealthy residents during that time.
The trends observed in Governor's Square align with broader national patterns of increasing diversity in suburban areas, particularly those with high median incomes. The growth in Asian and Hispanic populations in this predominantly white, affluent neighborhood reflects a national trend of minority groups moving into traditionally white suburban areas.
The rate of diversification in Governor's Square appears to be slower than national averages. While many similar suburban neighborhoods across the U.S. have transitioned to Majority-Minority status over the past decade, Governor's Square remains in the White Majority category.
The increase in median income outpaces national trends. While many affluent areas have seen income growth, the increase in median income in Governor's Square is substantial and may indicate a strong local economy or the neighborhood's growing appeal to high-income professionals.
Governor's Square presents a picture of a slowly diversifying, increasingly affluent neighborhood. While it maintains its White Majority status, the gradual increase in minority populations, particularly Asian and Hispanic residents, suggests a trend towards greater diversity. This demographic shift, coupled with economic growth, positions Governor's Square as a community in transition, balancing its traditional character with emerging diversity and increasing prosperity.