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Demographics
Population
Median Income
Racial Distributions
Fishtown, a neighborhood in Philadelphia, Pennsylvania, exhibits characteristics of a White Majority community with moderate diversity. As of 2022, the neighborhood has a population of 18,712 and a median income of $85,180. Fishtown is known for its arts scene, restaurants, and historic working-class roots, which have been transformed by gentrification.
Over the past decade, Fishtown has maintained its status as a White Majority community, but has shown signs of increasing diversity. In 2013, the neighborhood could be categorized as Low Diversity, with the white population comprising 88% of residents. By 2022, this percentage decreased to 81%, indicating a shift towards Moderate Diversity.
The Hispanic population has shown the most significant growth, increasing from 5% in 2013 to 10% in 2022. The Asian and Black populations have also seen modest increases, from 1% to 3% and 2% to 4%, respectively. This trend suggests that Fishtown is gradually becoming a Transitional Community, with increasing representation from various racial groups.
The demographic shifts in Fishtown correlate with significant economic changes. The median income has risen from $60,988 in 2013 to $85,180 in 2022, representing a 40% increase. This income growth aligns with the neighborhood's gentrification process and may be both a cause and effect of the increasing diversity.
The population has grown from 16,455 in 2013 to 18,712 in 2022, a 14% increase. This population growth, combined with the rising incomes and changing racial composition, suggests that Fishtown is attracting a more diverse and affluent population while potentially displacing some long-term residents.
Fishtown's demographic and economic trends align with patterns seen in many urban neighborhoods across the United States. The process of gentrification, characterized by rising incomes, increasing property values, and demographic shifts, is a common phenomenon in formerly working-class urban areas.
Fishtown's changes are pronounced. The 40% increase in median income over a decade is higher than the national average, which saw about a 10-15% increase in the same period. The neighborhood's racial composition, while becoming more diverse, is still less diverse than Philadelphia as a whole, which is a Majority-Minority city.
The economic growth and gradual increase in diversity in Fishtown reflect trends of urban revitalization and demographic change in many U.S. cities. These changes raise questions about affordability and displacement of long-term residents, issues that are common in rapidly gentrifying neighborhoods.
Fishtown represents a community in transition, moving from Low Diversity to Moderate Diversity while experiencing significant economic growth. These changes reflect broader urban trends but are occurring at an accelerated pace, potentially reshaping the neighborhood's character and community dynamics in the coming years.