Loading Content...
Park Avenue's Demographic Composition: Persistent White Majority in a Low Diversity Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Park Avenue in Manhattan, New York, is characterized as a neighborhood with Low Diversity, featuring a significant White Majority of 81% as of 2022. The area has a median income of $158,395 in 2022, which is higher than the national average. Park Avenue is known for its luxury residential buildings, high-end retail, and proximity to Central Park, making it a prestigious address in New York City.
Over the past decade, Park Avenue has maintained its status as a White Majority neighborhood. The percentage of white residents has fluctuated between 70% and 81%. The Asian population increased from 10% in 2013 to 16% in 2019, before declining to 6% in 2022. The Hispanic population decreased from 11% in 2013 to 5% in 2022. The black population has remained consistently low at around 1% throughout the decade. The category of Two or More Races increased from 1% in 2013 to 7% in 2020-2021, before slightly decreasing to 6% in 2022.
The median income in Park Avenue has shown significant fluctuations. The highest median income was recorded in 2015 at $198,717. There was a notable decline in median income from 2017 to 2019, dropping from $148,817 to $135,765. Since 2020, there has been a recovery in median income, reaching $174,981 in 2021 before slightly decreasing to $158,395 in 2022.
These economic trends correlate with some demographic shifts. The period of highest income (2015-2016) coincided with the highest percentage of white residents. The subsequent decline in income (2017-2019) occurred alongside an increase in Asian and multi-racial populations, suggesting a possible influx of more diverse, but slightly less affluent residents.
Park Avenue's demographic and economic trends differ significantly from broader New York City trends. While New York City is known for its high diversity, Park Avenue remains predominantly white, contrasting sharply with the city's overall racial makeup. The median income in Park Avenue is substantially higher than the New York City average, which was around $67,046 in 2021. Unlike many areas in New York that saw population declines during the COVID-19 pandemic, Park Avenue's population remained relatively stable, even showing a slight increase from 2019 to 2022.
In conclusion, while Park Avenue has experienced some minor shifts towards increased diversity, particularly in the mid-2010s, it has largely maintained its status as an affluent, predominantly white neighborhood. The area's economic resilience, even during periods of citywide challenges, underscores its unique position in New York's urban landscape. The slight increases in diversity, though not dramatically altering the neighborhood's overall character, may indicate a gradual trend towards a more inclusive community, albeit at a much slower pace than many other parts of New York City.
