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Demographics
Population
Median Income
Racial Distributions
Hudson Yards, a neighborhood in Manhattan, New York, is categorized as "Moderate Diversity" based on demographic data. As of 2022, the area has a White Plurality (50% white population), with Asian (25%) and Hispanic (14%) populations also present. The neighborhood has undergone rapid development in recent years. Hudson Yards has a median income of $120,783 in 2022, indicating its status as an affluent area within Manhattan.
Over the past decade, Hudson Yards has maintained its Moderately Diverse status, but experienced shifts in racial composition. In 2013, the neighborhood was close to being classified as "High Diversity," with White (48%), Hispanic (20%), Asian (19%), and Black (10%) populations. By 2022, the community transitioned to a clearer White Plurality, with increases in White and Asian populations and decreases in Hispanic and Black populations.
The most significant changes include an increase in the White population from 48% in 2013 to 50% in 2022, growth in the Asian population from 19% to 25%, a decline in the Hispanic population from 20% to 14%, and a decrease in the Black population from 10% to 7%. These shifts suggest a trend towards a potentially less diverse community, though it still maintains a mix of racial groups.
The demographic changes in Hudson Yards have occurred alongside significant economic growth. The median income has risen from $100,590 in 2013 to $120,783 in 2022, representing a 20% increase over nine years. This economic growth correlates with the increasing White and Asian populations. The population of Hudson Yards has grown from 7,127 in 2013 to 11,250 in 2022, a 58% increase.
The trends observed in Hudson Yards align with broader patterns of gentrification and development in many urban areas across the United States. The increase in White and Asian populations, coupled with rising incomes, is similar to changes seen in other rapidly developing urban neighborhoods. The scale and speed of change in Hudson Yards are particularly notable. The neighborhood's transformation from a primarily industrial area to a high-end residential and commercial district is almost unprecedented in recent U.S. urban development.
The decrease in Hispanic and Black populations in Hudson Yards contrasts with overall demographic trends in New York City, where these populations have generally remained stable or increased slightly over the same period. This suggests that the changes in Hudson Yards are more likely due to localized factors such as targeted development and changes in housing affordability, rather than broader citywide demographic shifts.
Hudson Yards represents a case of rapid urban transformation, characterized by significant population growth, increasing affluence, and a shift towards a more pronounced White Plurality within a Moderately Diverse community. These changes reflect both the neighborhood's specific development trajectory and broader trends of urban gentrification and demographic change in major U.S. cities.