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Racial Demographics and Economic Trends in Niagara Neighborhood, Fall River
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Niagara neighborhood in Fall River, Massachusetts, is classified as a "White Majority" community with moderate diversity as of 2022. The neighborhood has a population of 6,954 and a median income of $47,729. Niagara is notable for its historical significance in Fall River's industrial heritage, featuring numerous former textile mills that have been repurposed or await redevelopment.
Over the past decade, Niagara has experienced a gradual shift in its racial composition. In 2013, the neighborhood was categorized as "Low Diversity" with a 79% white population. By 2022, while maintaining a "White Majority" status, the neighborhood transitioned towards "Moderate Diversity." The white population decreased to 70%, while other racial groups, particularly Asian, Black, and Hispanic populations, increased.
The most significant change occurred in the Asian population, which increased from 1% in 2013 to 6% in 2022. The Hispanic population grew from 10% to 12%, and the Black population rose from 1% to 4%. This trend indicates a gradual but consistent diversification of the neighborhood.
The demographic changes in Niagara correspond with notable shifts in median income. The median income increased from $31,502 in 2013 to $47,729 in 2022, representing a 51.5% increase. This economic improvement coincides with the increasing diversity of the neighborhood.
The population has remained relatively stable during this period, with only minor fluctuations. This suggests that the demographic changes are likely due to a combination of existing residents' changing economic circumstances and new residents moving into the area, rather than a significant population influx or exodus.
The trends observed in Niagara align with broader patterns seen in many post-industrial cities in the northeastern United States. As these cities transition from their manufacturing-based past, they often experience gradual diversification and economic revitalization. The increase in median income in Niagara is particularly noteworthy, as it outpaces the national average growth rate for the same period.
The median income in Niagara in 2022 ($47,729) remains below the national median household income, which was approximately $70,784 in 2021. This indicates that while progress has been made, there is still potential for economic growth in the neighborhood.
The gradual increase in diversity, particularly in the Asian and Hispanic populations, mirrors trends seen in many urban areas across the United States. This shift towards a more diverse community can introduce new cultural influences, businesses, and perspectives to the neighborhood, potentially contributing to its economic and social vitality.
Niagara is transitioning from a low-diversity, lower-income neighborhood to a moderately diverse area with improving economic indicators. This transformation, while gradual, suggests a positive trajectory for the neighborhood's future, balancing its industrial heritage with an evolving, more diverse community profile.
