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Demographics
Population
Median Income
Racial Distributions
Parkside in Pennsylvania exhibits demographic changes from 2013 to 2022. As of 2022, the community is classified as a "White Majority" area with moderate diversity. The racial composition comprises 69% white population, 17% Black population, and 5% Hispanic population. The median income in 2022 is $79,506, indicating a relatively affluent suburban community.
Parkside has transitioned from a "Low Diversity" community to one with "Moderate Diversity" over the past decade. In 2013, the white population constituted 78% of the total, meeting the criteria for "Low Diversity." By 2022, this percentage decreased to 69%, while other racial groups, particularly Black and Hispanic populations, increased. The Black population grew from 11% in 2013 to 17% in 2022, showing the most significant increase. The Hispanic population fluctuated but showed an overall increase from 6% to 5% during this period.
The borough has experienced substantial economic growth over the past decade. The median income rose from $56,337 in 2013 to $79,506 in 2022, an increase of about 41%. This growth in income correlates with the increasing diversity of the community. The population has slightly decreased from 2,184 in 2013 to 2,052 in 2022, potentially indicating a trend of smaller, more affluent households moving into the area.
The trends observed in Parkside align with broader national patterns of increasing diversity in suburban areas and rising income inequality. The substantial increase in median income, coupled with a slight population decrease, suggests a pattern of economic growth that may not be equally benefiting all residents.
Based on the observed trends, Parkside is likely to continue its trajectory towards greater diversity. If current trends persist, it may transition from a "White Majority" community to a "Majority-Minority" or "High Diversity" category within the next decade. The Black population, in particular, shows the most consistent growth and could become a more significant demographic force.
Economically, the upward trend in median income is likely to continue, potentially attracting more diverse, affluent residents. However, this could also lead to affordability challenges for long-term residents, potentially altering the community's socioeconomic makeup.
Parkside is undergoing a gradual but significant demographic and economic transformation. As it moves towards greater diversity and affluence, community leaders should be mindful of ensuring inclusive growth that benefits all residents and maintains the area's social cohesion.