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Demographics
Population
Median Income
Racial Distributions
South Broadway, an Albuquerque neighborhood, exhibits a demographic profile categorized as a Hispanic Majority community with Low Diversity. As of 2022, the population is 3,913 with a median income of $30,317. The neighborhood is known for its Hispanic cultural heritage.
Over the past decade, South Broadway has experienced significant demographic changes. In 2013, the neighborhood had Low Diversity with an 86% Hispanic Majority. This composition remained stable until 2019. From 2020, a shift occurred: the Hispanic population decreased from 81% in 2019 to 68% in 2020, transitioning from Low Diversity to Moderate Diversity. The White population increased from 10% in 2019 to 18% by 2022. The "Two or More Races" category increased from 2% in 2019 to 9% in 2020.
The demographic shifts correlate with changes in median income. From 2013 to 2019, when the Hispanic Majority was at its peak (81-87%), the median income showed modest growth from $34,204 to $28,091. As racial diversity increased from 2020 onwards, median income rose from $28,091 in 2019 to $30,317 in 2022. This trend suggests that increasing diversity may be associated with economic improvements.
Population trends reflect these changes. The population decreased steadily from 4,605 in 2010 to 3,212 in 2019. Coinciding with the increase in diversity, the population began to grow again, reaching 3,913 by 2022. This population rebound could indicate that the neighborhood is becoming more attractive to a wider range of residents.
The demographic shifts in South Broadway align with broader trends seen in many urban areas across the United States. The increase in diversity, particularly in the "Two or More Races" category, reflects a national trend of increasing multiracial populations. The economic improvements associated with increased diversity are consistent with research suggesting that diverse neighborhoods often experience economic growth.
South Broadway's Hispanic Majority status remains strong compared to many other neighborhoods undergoing demographic changes. This suggests that while the area is becoming more diverse, it is maintaining its cultural character to a significant degree. The gradual increase in median income, while positive, still places South Broadway below the national median household income. This indicates that while the neighborhood is experiencing economic growth, there is still room for further economic development.