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Demographics
Population
Median Income
Racial Distributions
Parkchester, a neighborhood in the Bronx, New York, is characterized as a Majority-Minority community with Moderate Diversity. As of 2022, the neighborhood has a population of 45,131 and a median income of $57,808. Parkchester is known for its planned community design, featuring art deco apartment buildings and green spaces, which has influenced its demographic composition.
Over the past decade, Parkchester has maintained its status as a Majority-Minority community. The Hispanic population has held a plurality, consistently representing the largest racial group (ranging from 43% to 49%). The neighborhood shows signs of being a Transitional Community, with the Asian population growing from 11% in 2013 to 19% in 2022. There has been a gradual decrease in the Black population from 39% in 2013 to 28% in 2022. The White population has remained consistently low, around 2-3% throughout the decade.
The demographic shifts in Parkchester correlate with economic changes. The median income has shown an upward trend, increasing from $49,393 in 2013 to $57,808 in 2022, a 17% increase over nine years. Despite fluctuations, including a slight dip in 2014, the overall trend in median income has been positive. The population has remained relatively stable, with minor fluctuations.
Parkchester's demographic evolution aligns with broader trends observed in many urban areas across the United States. The growth in the Asian population and the maintenance of a strong Hispanic presence reflect national trends of increasing diversity in urban areas. The rising median income, coupled with demographic shifts, suggests a pattern of gentrification similar to that seen in other parts of New York City and major metropolitan areas. The stable population despite demographic changes indicates that Parkchester has likely undergone some form of urban renewal or redevelopment. While the median income has increased, it remains below the overall median household income for New York City (which was around $67,046 in 2021), highlighting ongoing economic challenges in the Bronx.
Parkchester exemplifies a dynamic urban neighborhood experiencing gradual demographic shifts and economic growth. Its evolution from a predominantly Black and Hispanic area to one with a growing Asian population, while maintaining its Majority-Minority status, reflects broader patterns of urban diversity and potential gentrification. The correlation between these demographic changes and the steady increase in median income suggests a complex interplay of social and economic factors shaping the neighborhood's future.