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Demographics
Population
Median Income
Racial Distributions
The Point, a neighborhood in Newport, Rhode Island, exhibits a "White Majority" demographic profile with 64% of the population identifying as white in 2022. This represents a shift from previous years, suggesting a trend towards increasing diversity. The neighborhood's median income of $58,455 in 2022 marks a decrease from recent years, indicating potential economic challenges. The Point is known for its historic colonial architecture and waterfront location.
Over the past decade, The Point has transitioned from a "Low Diversity" community to one that could be categorized as a "Transitional Community." In 2013, the neighborhood had a "White Majority" at 71%, with minimal representation from other groups. By 2022, the white percentage had decreased to 64%, with an increase in the Hispanic population from 19% in 2013 to 31% in 2022.
This shift suggests a trend towards greater diversity, potentially moving towards a "Moderate Diversity" classification in the near future if current trends continue. The most notable change is the growth in the Hispanic population, which has become the second-largest racial group in the neighborhood.
The median income in The Point has fluctuated over the past decade. From 2013 to 2021, there was a general upward trend, with median income rising from $86,237 to $90,782. However, 2022 saw a decrease to $58,455, representing a 35.6% drop from the previous year.
This decline in median income coincides with the increase in the Hispanic population and decrease in the white population. This correlation could suggest an influx of lower-income Hispanic residents, higher-income white residents moving out of the area, or economic challenges affecting the entire community, with potentially disproportionate impacts on different racial groups.
The demographic shifts observed in The Point align with broader national trends of increasing diversity in many urban areas. The growth of the Hispanic population in The Point (from 19% to 31% over a decade) outpaces the national trend. For context, the U.S. Hispanic population grew from 16.3% in 2010 to 18.7% in 2020, according to the U.S. Census Bureau.
The income decrease in 2022 is particularly notable and diverges from national trends. While many areas experienced economic challenges due to the COVID-19 pandemic, most saw gradual changes rather than such a sharp decline in a single year.
The Point is undergoing a significant demographic transition, moving from a predominantly white, economically stable neighborhood to a more diverse community facing potential economic challenges. This shift reflects broader national trends towards increased diversity but demonstrates more dramatic changes in both racial composition and economic indicators than typically seen at the national level. The rapid nature of these changes suggests that The Point may be at a critical juncture in its community development, potentially requiring targeted economic and social policies to address the evolving needs of its changing population.