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Demographics
Population
Median Income
Racial Distributions
Crescent Park, a neighborhood in Palo Alto, California, currently exhibits a Moderate Diversity demographic profile with a White Plurality. As of 2022, the white population constitutes 41% of the neighborhood, followed by Hispanic (30%) and Asian (15%) populations. The median income of $143,037 in 2022 indicates that Crescent Park is an affluent area, significantly above the national median income. Crescent Park is known for its tree-lined streets and historic homes, contributing to its reputation as one of Palo Alto's most desirable neighborhoods.
Over the past decade, Crescent Park has transitioned from a White Majority community to one of Moderate Diversity with a White Plurality. In 2013, the neighborhood was categorized as having a White Majority with 51% of the population. However, by 2016, this shifted to a White Plurality (41%), a trend that has largely continued through 2022. This transition appears to be driven by increases in Asian and Hispanic populations, as well as growth in residents identifying as two or more races.
The neighborhood has shown consistent characteristics of a Transitional Community, particularly evident in the growth of the Asian population from 9% in 2013 to 15% in 2022, and the increase in residents identifying as two or more races from 2% to 6% over the same period. The Hispanic population has remained relatively stable, fluctuating between 28% and 34% throughout the decade.
The demographic shifts in Crescent Park have occurred against a backdrop of fluctuating but generally high median incomes. The median income peaked at $147,983 in 2013, coinciding with the last year of White Majority status. As the community diversified, there was a brief dip in median income, reaching a low of $125,787 in 2016. However, the income has since rebounded, reaching $143,037 in 2022.
This trend suggests that while the initial diversification may have corresponded with a temporary decrease in median income, the neighborhood has maintained its affluent status throughout its demographic transition. The rebounding income levels indicate that the increased diversity has not negatively impacted the economic status of the area in the long term.
The demographic shifts observed in Crescent Park align with broader trends seen in many affluent suburban areas across the United States, particularly in tech-centric regions like Silicon Valley. The increase in Asian population is consistent with the growing representation of Asian Americans in the tech industry.
The neighborhood's ability to maintain high income levels while diversifying is notable and may reflect the robust economic conditions of the broader Silicon Valley area. This trend contrasts with some other regions where increased diversity has sometimes correlated with declining median incomes.
Compared to national trends, Crescent Park's evolution towards greater diversity while maintaining high income levels is somewhat unique. Many areas experiencing similar demographic shifts have seen more significant economic fluctuations. This stability may be attributed to Palo Alto's strong job market, particularly in the high-paying tech sector, which has likely attracted a diverse, highly skilled workforce.
Crescent Park's demographic evolution over the past decade reflects a trend towards increased diversity within an economically resilient framework. This transition from a White Majority to a Moderately Diverse community with a White Plurality, coupled with consistently high median incomes, paints a picture of a neighborhood successfully navigating demographic change while maintaining its economic status.