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Demographics
Population
Median Income
Racial Distributions
Fairmount, a neighborhood in Philadelphia, Pennsylvania, exhibits characteristics of a "White Majority" community with moderate diversity as of 2022. The white population comprises 71% of the neighborhood, with Black (12%), Hispanic (6%), and Asian (6%) residents representing significant minority groups. Economically, Fairmount has experienced substantial growth, with a median income of $107,687 in 2022, indicating its status as an affluent area within Philadelphia. Fairmount is notable for its proximity to the Philadelphia Museum of Art and the "Rocky Steps."
Over the past decade, Fairmount has maintained its "White Majority" status while transitioning from "Low Diversity" to "Moderate Diversity." The most significant demographic shifts include a decrease in the Black population from 19% in 2013 to 12% in 2022, an increase in the Hispanic population from 2% to 6%, a slight increase in the Asian population from 5% to 6%, and a rise in residents identifying as two or more races from 1% to 5%. These changes suggest a gradual trend towards increased diversity, reflecting broader demographic shifts often seen in gentrifying urban areas.
The demographic changes in Fairmount correlate with economic trends. The median income increased from $87,907 in 2013 to $107,687 in 2022, representing a 22.5% growth. The population grew by 9% from 8,858 in 2013 to 9,657 in 2022, though this growth was not linear. The increase in median income coincides with the decrease in the Black population and increases in other minority groups, potentially indicating gentrification processes.
Fairmount's demographic and economic trends align with patterns observed in many urban neighborhoods across the United States. The rising incomes and changing racial composition reflect gentrification trends common in U.S. cities, where historically diverse or predominantly minority neighborhoods experience an influx of wealthier, often white residents. The median income in Fairmount ($107,687) significantly exceeds the median household income for Philadelphia as a whole ($52,649 in 2022), highlighting intra-city economic disparities. While Fairmount is becoming more diverse, it remains less diverse than Philadelphia overall, suggesting that the neighborhood is changing at a slower pace than some other areas of the city.
Fairmount represents a neighborhood in transition, moving from low to moderate diversity while experiencing significant economic growth. These changes reflect broader urban trends of gentrification and demographic shift, presenting both opportunities and challenges for community cohesion and equitable development.