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Demographics
Population
Median Income
Racial Distributions
Parkwood Manor, a neighborhood in Philadelphia, Pennsylvania, has undergone significant demographic changes from 2013 to 2022. The area transitioned from a "Low Diversity" classification with a 75% White population in 2013 to a "Moderate Diversity" classification with a 60% White population in 2022. This shift coincided with increases in Black and Hispanic populations, both rising from 7% and 6% respectively in 2013 to 14% each in 2022. The Asian population remained relatively stable, fluctuating between 6% and 10% during this period.
Concurrent with these demographic changes, Parkwood Manor experienced substantial economic growth. The median income increased from $58,266 in 2013 to $77,053 in 2022, representing a 32% increase over nine years. This growth rate exceeded inflation for the same period, indicating real economic gains for residents. The most significant income increases occurred between 2019 and 2021, coinciding with the period of increased racial diversification.
The population of Parkwood Manor grew steadily from 17,054 in 2013 to 18,753 in 2022, an increase of approximately 10%. This population growth, combined with rising incomes, suggests that Parkwood Manor has become an increasingly attractive residential area. The demographic shifts observed in Parkwood Manor align with broader trends seen in many urban areas across the United States, where traditionally homogeneous neighborhoods have experienced increased diversification.
The economic growth in Parkwood Manor is notable when compared to national trends. While the United States as a whole saw median household income rise from approximately $53,000 in 2013 to $70,000 in 2022, an increase of about 32%, Parkwood Manor's growth slightly outpaced this national average.
Parkwood Manor's evolution over the past decade reflects a broader narrative of increasing diversity and economic growth in American urban neighborhoods. The transition from a predominantly White, low-diversity area to a moderately diverse community with significant economic improvements suggests a dynamic and changing neighborhood landscape. These shifts likely bring both opportunities and challenges, potentially altering the cultural fabric of the community while contributing to its economic vitality.