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Demographics
Population
Median Income
Racial Distributions
The MIT neighborhood in Cambridge, Massachusetts, currently exhibits a pattern of High Diversity. As of 2022, the neighborhood's racial composition is 41% White, 38% Asian, 10% Hispanic, and 6% Black. The median income in 2022 was $69,437. This area is home to the Massachusetts Institute of Technology, one of the world's leading research universities.
Over the past decade, the MIT neighborhood has undergone a significant transformation in its racial composition. In 2013, the area could be categorized as having a White Majority, with 53% of the population identifying as White. By 2022, the neighborhood had transitioned to a High Diversity classification. This shift is primarily due to the steady increase in the Asian population, rising from 29% in 2013 to 38% in 2022, and a corresponding decrease in the White population from 53% to 41%.
The Hispanic population has increased from 8% in 2013 to 10% in 2022. The Black population has remained relatively stable, fluctuating between 3-7% throughout the decade. This evolution suggests a Transitional Community, with a clear trend towards increasing diversity.
The median income in the neighborhood has fluctuated over the years. From 2013 to 2014, there was an increase from $84,184 to $91,862. The following years saw a decline, with the median income dropping to $61,581 in 2015. Since then, the trend has been generally upward, reaching $69,437 in 2022, but still below the 2013-2014 peak.
The periods of highest median income coincided with the time when the neighborhood had a White Majority. As the area transitioned to High Diversity, there was initially a decline in median income, followed by a gradual recovery. The population has grown from 2,933 in 2010 to 4,758 in 2022, an increase of about 62%.
The diversification trend observed in the MIT neighborhood aligns with broader national trends towards increasing racial and ethnic diversity, particularly in urban and academic areas. The significant Asian population growth is consistent with trends seen in many technology and research-focused communities across the United States.
The economic fluctuations may reflect broader economic trends such as the recovery from the 2008 financial crisis and subsequent economic cycles. However, the specific patterns in this neighborhood suggest local factors at play, possibly related to changes in the university or local tech industry.
The MIT neighborhood has evolved from a White Majority area to a High Diversity community over the past decade, driven primarily by growth in the Asian and Hispanic populations. This demographic shift has been accompanied by economic fluctuations, but the area appears to be stabilizing with a diverse population and recovering median income. These changes reflect both local dynamics related to the presence of MIT and broader national trends towards increasing diversity in urban and academic centers.