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Navy Yard, Philadelphia: A Study of Low Diversity and White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Navy Yard neighborhood in Philadelphia, Pennsylvania is classified as a "Low Diversity" area with a predominantly white population of 87% in 2022. The median income of the neighborhood is $85,136. The area, formerly a naval base, has transformed into a business campus and has undergone demographic and economic changes over the past decade.
From 2013 to 2022, Navy Yard maintained its "Low Diversity" status. The white population decreased from 92% to 87%. The Hispanic population increased from 2% to 5%. Asian and Black populations both reached 3% by 2022. These changes indicate a gradual trend towards increased diversity.
The neighborhood experienced significant economic growth. Median income increased from $72,834 in 2013 to $85,136 in 2022, a 17% rise. In 2021, median income peaked at $96,771 before slightly decreasing in 2022. The population remained relatively stable, ranging between 3,300 and 3,900 residents throughout the decade.
The increasing median income correlates with the slight diversification of the neighborhood. This suggests that the area may be attracting higher-income individuals from various racial backgrounds, particularly Hispanic and Asian professionals.
Navy Yard's demographic and economic trends reflect broader patterns seen in many urban areas across the United States. These include gradual diversification of traditionally white-majority neighborhoods, increasing median incomes in areas undergoing redevelopment, and stability in population numbers despite rising incomes.
The neighborhood's economic growth outpaces the national average, indicating it has become an increasingly desirable area for high-income professionals. This trend, combined with the slow increase in diversity, may suggest that Navy Yard is in the early stages of becoming a "Transitional Community," albeit at a slower pace than many other urban areas.
Navy Yard remains a "Low Diversity" area with a strong economic profile. Subtle demographic shifts and consistent income growth suggest a gradual transformation. These changes may lead to increased diversity and potentially higher property values in the coming years, potentially altering the character and socio-economic makeup of this historic Philadelphia neighborhood.
