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Princeton Park: A Study of Racial Composition and Economic Trends in a Chicago Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
Princeton Park, a Chicago neighborhood, displays characteristics of Low Diversity with a predominantly Black population (94% in 2022). The median income in 2022 was $51,571, following fluctuations over the past decade. Princeton Park holds historical significance in Chicago's African American community as an area where Black families settled during the Great Migration.
From 2013 to 2022, Princeton Park maintained its status as a Low Diversity community with a Black Majority. The percentage of Black residents remained above 90% throughout this period. The percentage of residents identifying as Two or More Races increased from 3% in 2013 to 5% in 2022. The White population remained consistently below 1%. Other racial categories showed negligible representation.
The median income in Princeton Park fluctuated significantly over the past decade. From 2013 to 2018, there was a downward trend, with median income dropping from $41,503 to $34,166. From 2019 onwards, an upward trend emerged, with median income rising to $51,571 in 2022. This economic improvement coincided with a population increase from 1,933 in 2018 to 2,194 in 2022.
Princeton Park has maintained its status as a predominantly Black neighborhood while many urban areas in the United States have experienced increased diversification. The neighborhood's resistance to significant demographic changes could be attributed to various factors, including historical housing patterns, community ties, or economic conditions.
The recent economic upturn in Princeton Park is notable, especially considering the challenges faced by many urban communities during the COVID-19 pandemic. This positive trend could indicate successful local economic development initiatives or broader improvements in Chicago's economy benefiting this neighborhood.
Despite recent gains, Princeton Park's median income ($51,571 in 2022) remains below the national median household income, which was approximately $70,784 in 2021. This suggests that while progress has been made, there is still room for economic growth and development in the neighborhood.
Princeton Park has maintained its status as a Low Diversity, Black Majority community over the past decade. Recent trends in income and slight shifts in racial composition suggest potential for gradual change. Continued monitoring of these trends will be crucial to understanding the neighborhood's future trajectory and ensuring equitable development for all residents.
