Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Marina Bay, a neighborhood in Richmond, California, exhibits a "High Diversity" demographic profile based on 2022 data. No single racial group exceeds 40% of the population, with White (34%), Black (22%), Asian (19%), and Hispanic (16%) communities all having significant representation. The neighborhood's median income of $97,022 in 2022 indicates a relatively affluent area. Marina Bay is known for its waterfront location and was developed on the site of a former shipyard, blending industrial history with modern residential and commercial spaces.
Over the past decade, Marina Bay has undergone a transition from "Moderate Diversity" to "High Diversity." In 2013, the neighborhood could be categorized as having "Moderate Diversity" with White (32%), Black (29%), and Hispanic (24%) populations being the most prominent. The Asian population was 12%. By 2022, the community had evolved into a "High Diversity" area. Notable changes include an increase in the Asian population from 12% to 19%, a decrease in the Black population from 29% to 22%, a slight increase in the White population from 32% to 34%, a decrease in the Hispanic population from 24% to 16%, and an increase in the two or more races category from 1% to 8%.
The demographic shifts correlate with changes in median income. In 2013, the median income was $79,014. By 2022, it had increased to $97,022, a 22.8% rise. This increase coincides with the growing Asian population and slight increase in the White population, potentially indicating an influx of higher-income residents. The decrease in Black and Hispanic populations might suggest some displacement of lower-income residents or changing neighborhood preferences. The population has grown from 3,699 in 2013 to 4,454 in 2022, a 20.4% increase. This population growth, coupled with rising incomes, suggests that Marina Bay has become an increasingly desirable neighborhood.
The trends observed in Marina Bay reflect broader patterns seen in many urban areas across the United States, particularly in California. Many urban areas are experiencing a shift towards greater racial and ethnic diversity, mirroring Marina Bay's transition to "High Diversity." The significant increase in the Asian population is consistent with trends seen in many parts of California, particularly in tech-centric regions. The rising median income and shifts in racial composition might indicate gentrification, a common issue in many urban areas nationwide. While the median income has risen significantly, the decrease in Black and Hispanic populations might point to growing income inequality, a challenge faced by many American cities.
Marina Bay's evolution over the past decade showcases a trend towards increased diversity and affluence. While these changes bring economic growth and potentially improved amenities to the area, they may also present challenges related to affordability and community cohesion. The neighborhood's transformation reflects broader urban trends, making it a microcosm of demographic and economic shifts occurring across many American cities.