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Demographics
Population
Median Income
Racial Distributions
Key West, Florida, with a population of 26,579 across 5.89 square miles as of 2022, is classified as a "White Majority" community. The city's population comprises 59% white residents, 23% Hispanic residents, and 13% Black residents, indicating moderate diversity.
Over the past decade, Key West has experienced a gradual demographic transition. The white population decreased from 67% in 2013 to 59% in 2022, while the Hispanic population grew from 18% to 23%, and the Black population increased from 10% to 13%. This trend suggests a movement towards a "Transitional Community" status with increasing minority representation.
Concurrent with these demographic changes, Key West has seen significant economic growth. The median income rose from $60,698 in 2013 to $76,531 in 2022, a 26% increase. This economic improvement correlates with the increasing diversity, potentially indicating that the diversifying population contributes to economic vitality. The population has remained relatively stable during this period, suggesting that demographic shifts are due to changes within the existing community rather than large-scale migration.
Key West's trends align with broader national patterns of increasing diversity in urban areas. The city's median income growth outpaces the national average, possibly due to its status as a popular tourist destination and limited geographical space constraining housing supply.
Based on observed trends, Key West is likely to continue its trajectory towards greater diversity. If current trends persist, the city may transition from a "White Majority" to a "Majority-Minority" community within the next decade. The Hispanic population, in particular, appears poised for continued growth.
Economically, the upward trend in median income is likely to continue, though possibly at a slower rate as the community becomes more diverse. This could lead to increased economic opportunities but also potential challenges related to affordability and gentrification.
Key West appears to be moving towards becoming a more diverse, economically robust community. This transition is gradually reshaping the demographic and economic landscape of this island city. As it potentially becomes a "Majority-Minority" community, Key West may face both opportunities and challenges in maintaining its distinctive character while embracing its evolving population dynamics.