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Demographic Trends in New Eastside, Chicago: From Low to Moderate Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
New Eastside, a neighborhood in Chicago, Illinois, currently presents a demographic profile categorized as a "Moderate Diversity" community. As of 2022, the area exhibits representation from multiple racial groups, with whites (53%) and Asians (23%) forming the largest segments. The neighborhood is known for its modern high-rise residential buildings and proximity to Millennium Park, contributing to its appeal as an upscale urban living area.
Over the past decade, New Eastside has undergone a transformation in its racial composition. In 2013, the neighborhood was classified as having "Low Diversity" with a "White Majority" (67%). By 2022, the community had transitioned to "Moderate Diversity" with a more balanced representation across racial groups.
The most significant change has been the decline in the white population's share, from 67% in 2013 to 53% in 2022. There has been an increase in the Asian population, rising from 15% to 23% over the same period. The Hispanic population has also grown, from 3% to 10%. This shift suggests that New Eastside has become a "Transitional Community," moving from a predominantly white area to one with increasing racial diversity.
The demographic shifts in New Eastside have occurred alongside fluctuations in median income. The median income peaked in 2015 at $142,578 but has since experienced a downward trend, settling at $121,996 in 2022. This decline coincides with the increase in racial diversity. Despite the income fluctuations, the neighborhood has seen population growth, from 5,239 in 2013 to 8,820 in 2022.
The trends observed in New Eastside align with patterns seen in many urban centers across the United States, where traditionally homogeneous neighborhoods are experiencing increased diversity. This shift often reflects changing demographics in global cities, which tend to attract international professionals and investors.
The maintained high median income in New Eastside, despite increased diversity, contrasts with some national trends where increased diversity has been associated with income disparities. This suggests that New Eastside may be attracting high-income individuals from various racial backgrounds, possibly due to its location and amenities.
New Eastside exemplifies a "Transitional Community" that has evolved from "Low Diversity" to "Moderate Diversity" over the past decade. This transition has been marked by an influx of Asian and Hispanic residents, alongside a relative decrease in the white population. While the neighborhood has experienced income fluctuations, it remains an affluent area, suggesting that its increasing diversity is coupled with continued economic prosperity. These changes reflect broader urban trends but also highlight New Eastside's position as an attractive neighborhood for diverse, high-income residents in Chicago.
