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Demographics
Population
Median Income
Racial Distributions
Prospect Hill, a neighborhood in New Haven, Connecticut, exhibits a Moderate Diversity demographic profile with a White Plurality as of 2022. The neighborhood has a population of 6,272 and a median income of $68,989. Prospect Hill is known for its historic architecture and proximity to Yale University.
Over the past decade, Prospect Hill has undergone significant demographic changes. In 2013, the neighborhood had a White Majority, with 49% of the population identifying as white. By 2017, it had transitioned to a Majority-Minority community, with no single racial group comprising more than 50% of the population. By 2022, the area had settled into a Moderate Diversity profile with a White Plurality (45% white).
The Asian population has remained relatively stable, fluctuating between 16-23% over the decade. The Black population has seen a slight decrease from 22% in 2013 to 19% in 2022. The Hispanic population has shown the most significant growth, nearly doubling from 8% in 2013 to 15% in 2022. These changes suggest a Transitional Community, with increasing representation from Hispanic residents and those identifying as two or more races.
The demographic shifts in Prospect Hill have coincided with changes in median income. In 2013, the median income was $74,726, which peaked at $78,534 in 2014. As the community became more diverse, there was a decline in median income, reaching a low of $58,563 in 2018. Since then, there has been a gradual recovery, with the median income rising to $68,989 in 2022.
Population figures have remained relatively stable, with some fluctuations. The population decreased from 6,050 in 2010 to 5,657 in 2014, then increased to 6,477 in 2018, before settling at 6,272 in 2022.
The demographic changes in Prospect Hill mirror broader national trends of increasing diversity in urban areas, particularly those near universities. The growth in the Hispanic population is consistent with national patterns, as the Hispanic population has been one of the fastest-growing demographic groups in the United States over the past decade.
The economic trajectory of Prospect Hill, with its initial decline and subsequent recovery in median income, may reflect wider patterns of economic adjustment as communities become more diverse. Many urban areas across the U.S. have experienced similar trends, where increased diversity initially correlates with economic challenges, followed by stabilization and growth as the community adapts and integrates.
The neighborhood's proximity to Yale University likely plays a significant role in its demographic and economic profile. University neighborhoods often experience higher turnover rates and more diverse populations due to the influx of students, faculty, and staff from various backgrounds. This could explain the relatively rapid demographic shifts and the resilience of the local economy, as it's supported by the stable presence of the university.
Prospect Hill's evolution from a White Majority to a Moderately Diverse community with a White Plurality over the past decade reflects broader national trends towards increased diversity in urban areas. The economic fluctuations accompanying these demographic shifts highlight the complex interplay between diversity and economic factors in evolving neighborhoods.