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Demographic Shifts in Kips Bay: From Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Kips Bay, a neighborhood in Manhattan, New York, currently exhibits a "Moderate Diversity" demographic profile with a white majority. As of 2022, the white population stands at 60%, with significant Asian (16%) and Hispanic (10%) representation. The neighborhood's median income of $111,659 in 2022 indicates an affluent community, typical of many Manhattan areas. Kips Bay is known for its mix of residential and commercial spaces, including the eponymous Kips Bay Towers designed by renowned architect I.M. Pei.
Over the past decade, Kips Bay has transitioned from a "Low Diversity" community to one of "Moderate Diversity." In 2013, the neighborhood had a clear white majority at 65%, bordering on "Low Diversity" status. However, by 2022, this percentage had decreased to 60%, while other racial groups gained representation.
The most notable change has been the increase in the Asian population, rising from 13% in 2013 to 16% in 2022. The Black population also saw growth, from 3% to 9% over the same period. These shifts suggest a trend towards increasing diversity, though not yet reaching the threshold for "High Diversity" as defined in our library.
The Hispanic population has remained relatively stable, fluctuating between 10-14% throughout the decade. This stability, combined with the growth in other minority populations, has contributed to the neighborhood's transition to "Moderate Diversity."
The demographic shifts in Kips Bay have occurred against a backdrop of economic fluctuations. The median income peaked in 2013 at $122,013, then experienced a general decline until 2018, reaching a low of $111,748. However, there was a significant rebound in 2021 to $125,140, before dropping again in 2022 to $111,659.
The periods of lower median income (2016-2018) coincided with increased diversity, particularly growth in the Asian and Hispanic populations. This could suggest that the neighborhood became more accessible to a wider range of income levels during this time, potentially attracting more diverse residents.
The population has remained relatively stable over the decade, fluctuating between 35,000 to 38,000 residents. This stability, combined with the changing racial makeup, indicates that the diversity increase is likely due to new residents moving in as others move out, rather than significant overall population growth.
The trends observed in Kips Bay align with broader patterns seen in many urban areas across the United States, particularly in major cities like New York. The increase in diversity, especially the growth of Asian and Hispanic populations, reflects national demographic shifts.
Kips Bay's continued white majority and high median income set it apart from many other neighborhoods in Manhattan and New York City at large, where more pronounced demographic shifts and income disparities are often observed. The neighborhood's ability to maintain a high median income while increasing diversity suggests it remains an attractive location for affluent professionals from various backgrounds.
Kips Bay presents a case of gradual diversification within an affluent urban context. While it has transitioned from "Low Diversity" to "Moderate Diversity" over the past decade, it has maintained its status as a predominantly white, high-income neighborhood. This evolution reflects broader urban trends but also highlights the unique dynamics of Manhattan's real estate and demographic landscape.
