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Demographics
Population
Median Income
Racial Distributions
Stevens Square, a neighborhood in Minneapolis, Minnesota, exhibits a Moderate Diversity profile with a White Plurality as of 2022. The white population represents 53% of the community, followed by Black (18%) and Hispanic (18%) populations. The neighborhood has transitioned from a more homogeneous community to one with increasing diversity over the past decade. Economically, Stevens Square has experienced fluctuations in median income, with a current figure of $32,467 in 2022.
The demographic shifts in Stevens Square include a transition from White Majority to Moderate Diversity. In 2013, the neighborhood was categorized as a White Majority community with 63% white population, shifting to a Moderate Diversity profile with a White Plurality by 2022. The Hispanic population has seen the most significant growth, from 5% in 2013 to 18% in 2022. The Black population has remained relatively stable, fluctuating between 17-27% over the decade. The categories of 'Other' and 'Two or More Races' have grown from negligible percentages to 4% and 5% respectively, indicating a Transitional Community status.
Economic trends in Stevens Square show fluctuating median income. The median income started at $26,962 in 2013, peaked at $40,268 in 2021, and then declined to $32,467 in 2022. Despite the shift towards greater diversity, the overall trend in median income has been positive, with a 20% increase from 2013 to 2022. The population has remained relatively stable, ranging from 3,600 to 3,900 residents throughout the decade, suggesting that demographic changes are more likely due to resident turnover rather than significant population influx or exodus.
The demographic shifts in Stevens Square align with broader national trends of increasing diversity in urban areas. The growth in the Hispanic population mirrors national patterns, where Hispanic communities have been expanding in many U.S. cities. The neighborhood's transition from a White Majority to a more diverse community reflects similar changes in many metropolitan areas across the country.
The economic fluctuations, particularly the sharp rise and subsequent fall in median income between 2020 and 2022, may be attributed to the broader economic impacts of the COVID-19 pandemic and its aftermath. This pattern is consistent with many urban neighborhoods that experienced economic volatility during this period.
The stability in population numbers, despite demographic shifts, suggests that Stevens Square has maintained its attractiveness as a residential area throughout these changes. This could indicate a neighborhood that is successfully adapting to and embracing its evolving diversity, potentially making it a model for other urban areas experiencing similar transitions.
Stevens Square exemplifies a neighborhood in transition, moving towards greater diversity while navigating economic challenges. Its ability to maintain population stability amidst these changes suggests a resilient community adapting to broader demographic trends observed in many American cities.