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Demographics
Population
Median Income
Racial Distributions
Harvard Park, a neighborhood in Springfield, Illinois, exhibits a White Majority demographic composition with a median income of $46,635 as of 2022. The neighborhood has experienced fluctuations in both its racial makeup and economic status over the past decade. Harvard Park was established in the early 20th century and named after Harvard University.
Over the past decade, Harvard Park has undergone changes in its racial composition. In 2013, the neighborhood was categorized as a White Majority community, with 72% of the population identifying as white. By 2022, the white population decreased to 67%, maintaining a White Majority status but showing a trend towards increased diversity. The Black population increased from 15% in 2013 to 30% in 2022. This shift suggests a transition towards a Moderate Diversity classification. The Hispanic and Asian populations have remained consistently low, while the percentage of residents identifying as two or more races has decreased from 7% in 2013 to 1% in 2022.
The median income in Harvard Park has shown volatility over the past decade. Starting at $47,815 in 2013, it dropped to $39,133 in 2015 before recovering to $50,209 in 2021. It then declined to $46,635 in 2022. These economic fluctuations appear to correlate with the demographic shifts. The period of lowest median income coincided with an increase in the Black population percentage.
The population of Harvard Park has fluctuated, peaking at 3,126 in 2013 and reaching its lowest point of 2,441 in 2019 before rebounding to 2,854 in 2022. These population changes may reflect economic opportunities in the area, as well as potential gentrification or urban renewal efforts.
The demographic shifts observed in Harvard Park align with broader trends seen in many American cities, where historically White Majority neighborhoods are becoming more diverse. This trend is associated with changing housing patterns, economic opportunities, and social dynamics.
The economic volatility experienced by Harvard Park is not uncommon in mid-sized Midwestern cities, many of which have faced challenges in transitioning from traditional industries to more diverse economic bases. The recovery in median income towards the end of the decade, despite increased racial diversity, suggests that the neighborhood may be finding new economic footing.
Harvard Park represents a community in transition, moving from a Low Diversity, White Majority area towards a more diverse neighborhood. This shift, coupled with economic fluctuations, indicates that the community is adapting to broader societal changes. As the neighborhood continues to evolve, it will be crucial to monitor how these demographic and economic trends impact local social dynamics, community services, and overall quality of life for residents.