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Demographics
Population
Median Income
Racial Distributions
Broadway Palms, a neighborhood in Tempe, Arizona, exhibits characteristics of a "Moderate Diversity" community with a transitioning demographic profile. As of 2022, the neighborhood has a population of 3,888 and a median income of $59,299. Broadway Palms is positioned near Arizona State University.
Over the past decade, Broadway Palms has undergone demographic changes, transitioning from a "White Majority" community to one of "Moderate Diversity." In 2013, the neighborhood was categorized as having a "White Majority" with 56% of the population identifying as white. This majority status persisted through 2018, peaking at 69% white population.
From 2019 onwards, a shift began. The white population declined, dropping to 51% by 2022. There was an increase in Hispanic and multiracial populations. The Hispanic population has shown growth, rising from 18% in 2013 to 22% in 2022. The percentage of residents identifying as two or more races increased from 1% in 2015 to 12% in 2022.
The demographic shifts in Broadway Palms correlate with changes in median income. From 2013 to 2022, the neighborhood experienced an increase in median income, rising from $41,435 to $59,299. This 43% increase in income coincided with the transition towards greater diversity.
The most significant increase in median income occurred between 2017 and 2019, rising from $42,060 to $61,801. This period marks the beginning of the more pronounced demographic shifts. The population has grown from 3,350 in 2013 to 3,888 in 2022, indicating that the neighborhood is attracting new residents.
The trends observed in Broadway Palms align with broader national patterns of increasing diversity in urban and suburban areas. Many U.S. cities have experienced similar transitions, with growing Hispanic and multiracial populations contributing to more diverse community profiles.
The economic growth in Broadway Palms outpaces national averages. This could be attributed to its proximity to Arizona State University, potentially attracting higher-income professionals and students.
Broadway Palms exemplifies a neighborhood in transition, moving from a predominantly white community to one of moderate diversity with a growing economy. This shift reflects broader national trends towards increased diversity in urban areas.