Loading Content...
Greater Prospect Neighborhood: Analysis of Racial Demographics and Low Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Greater Prospect, a neighborhood in Moline, Illinois, exhibits a Low Diversity demographic profile with a White Majority. As of 2022, the white population comprises 80% of the neighborhood, with a median income of $63,230. Greater Prospect has historical significance in Moline's development, featuring older homes with early 20th century architectural styles.
Greater Prospect has maintained its status as a Low Diversity neighborhood with a White Majority over the past decade. The white population has decreased from 88% in 2013 to 80% in 2022, indicating a gradual trend towards increased diversity. The Hispanic population has grown from 8% in 2013 to 10% in 2022, while the 'Two or More Races' category has increased from 1% to 5% during the same period.
The median income in Greater Prospect has risen from $49,298 in 2013 to $63,230 in 2022, representing a 28% increase. The population has remained relatively stable, fluctuating between 2,864 and 3,692 residents over the decade. A slight population decline from the peak in 2014 to 2022 has been observed.
The gradual diversification of Greater Prospect aligns with broader national trends of increasing diversity in suburban areas, although the pace of change appears slower than the national average. The increase in median income outpaces the national average, which grew by approximately 20% over a similar period.
The stability in population numbers, combined with rising incomes and slow diversification, suggests that Greater Prospect may be experiencing a form of gentrification. This process is often characterized by rising property values and the influx of higher-income residents.
Greater Prospect may be in the early stages of a demographic transition, as indicated by the consistent, albeit slow, increase in diversity indicators. This gradual change, combined with rising incomes, may be reshaping the neighborhood's character while maintaining its historical charm.
