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Demographics
Population
Median Income
Racial Distributions
Nicollet Island, a neighborhood in Minneapolis, Minnesota, currently exhibits a Low Diversity racial composition with a White Majority. As of 2022, the community has a population of 1,024 and a median income of $102,063. This island neighborhood, situated in the Mississippi River, is known for its historic 19th-century homes and is connected to the mainland by bridges.
Over the past decade, Nicollet Island has consistently maintained its status as a Low Diversity neighborhood with a White Majority. The white population has remained above 75% throughout the period, ranging from a low of 74% in 2016 to a high of 87% in 2022. Despite this overall stability, there have been subtle shifts in the racial composition. The Asian population peaked at 10% in 2016-2018 but has since declined to 5% in 2022. The Hispanic population fluctuated between 2-5% over the decade. The Black population remained relatively stable at 1-2% throughout the period. The population identifying as Two or More Races peaked at 9% in 2016 but has since decreased to 4% in 2022.
The median income in Nicollet Island has shown some volatility over the past decade. It reached a peak of $122,569 in 2019, the highest in the observed period. Recently, it has decreased to $102,063 in 2022, a significant drop from the 2019 peak. Despite recent declines, the median income has generally remained above $100,000 throughout the decade, indicating a relatively affluent neighborhood. The population has shown steady growth, increasing from 633 in 2010 to 1,024 in 2022, representing a 61.8% increase over 12 years.
Nicollet Island's demographic stability contrasts with broader trends in many urban areas, which have often seen increasing diversity over the past decade. The neighborhood's consistent White Majority and high median income suggest it may be less affected by gentrification or demographic shifts seen in other parts of Minneapolis or similar urban areas nationwide.
The recent decline in median income, particularly since 2019, could be attributed to broader economic factors such as the COVID-19 pandemic, which affected many urban areas across the United States. However, the continued population growth during this period suggests that the neighborhood remains attractive to new residents despite economic fluctuations.
In conclusion, while Nicollet Island has maintained its status as a Low Diversity, White Majority neighborhood over the past decade, subtle shifts in minority populations and recent economic changes indicate that the community is not entirely static. The interplay between its stable racial composition, fluctuating income levels, and steady population growth presents a complex picture of a neighborhood that, while resistant to major demographic changes, is still subject to broader economic and social influences.