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Demographics
Population
Median Income
Racial Distributions
East Bank-Nicollet Island, a neighborhood in Minneapolis, Minnesota, exhibits characteristics of Low Diversity, with a white majority comprising 87% of the population as of 2022. The area is situated on an island in the Mississippi River and features the Stone Arch Bridge. The median income was $105,354 in 2022, indicating an affluent enclave within the city.
Over the past decade, East Bank-Nicollet Island has maintained its status as a Low Diversity neighborhood with a strong White Majority. From 2013 to 2018, there was a slight trend towards increased diversity. The white population decreased from 85% to 76%, while Asian and Hispanic populations saw modest increases. Post-2018, there was a reversal of this trend, with the white population increasing again to reach 87% by 2022, reinforcing the Low Diversity categorization.
The Asian population peaked at 10% in 2016-2018 and has since declined to 4% in 2022. Other racial groups maintained relatively stable, low percentages throughout the decade. The neighborhood's economic profile shows correlations with its demographic shifts. Median income peaked in 2019 at $124,482, coinciding with the period of slightly increased diversity (2016-2019).
As the neighborhood reverted to lower diversity post-2019, median income decreased, settling at $105,354 in 2022. Despite these fluctuations, the area has maintained a high median income throughout the decade, consistently above $100,000. The population has increased from 641 in 2010 to 1,034 in 2022, suggesting growing attractiveness of the neighborhood.
East Bank-Nicollet Island has maintained its status as a predominantly white, affluent neighborhood. This trend contrasts with broader national and urban trends towards increasing diversity. Many urban areas across the U.S. have experienced growing diversity and shifts towards Majority-Minority status over the past decade. The neighborhood's resistance to this trend might be attributed to its island location, historical character, and high property values.
The economic resilience of the neighborhood, maintaining high median incomes even through national economic challenges, suggests a level of insulation from broader economic trends. This economic stability, coupled with the area's geographic and historical features, likely contributes to its demographic stability and continued appeal to a predominantly affluent, white population.
East Bank-Nicollet Island presents a case of demographic and economic stability in an era of change, maintaining its character as a Low Diversity, high-income enclave within the broader, more diverse urban fabric of Minneapolis.