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Demographic Analysis of 5 Points Neighborhood: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The 5 Points neighborhood in Sarasota, Florida, is classified as having "Low Diversity" with a white majority of 86% as of 2022. The population has grown from 454 residents in 2010 to 745 in 2022. The area's median income has fluctuated, with a peak in 2021 followed by a return to moderate levels in 2022. 5 Points is known for its historic charm and proximity to downtown Sarasota.
From 2013 to 2022, 5 Points has maintained a "Low Diversity" classification. The white population percentage fluctuated, reaching its lowest point of 81% in 2016-2017 before increasing to 86% by 2022. The black population increased from 7% in 2013 to 13% in 2016-2017, then declined to 4% by 2022. The Hispanic population gradually increased from 1% in 2013 to 5% in 2022. Asian and multiracial populations have seen small increases in recent years.
The median income in 5 Points has shown volatility. From 2013 to 2019, it remained relatively stable between $54,510 and $62,562. In 2020-2021, there was a significant increase, peaking at $94,529 in 2021. In 2022, it sharply declined to $57,081. These economic fluctuations do not appear to directly correlate with the subtle demographic shifts.
The demographic trends in 5 Points diverge from national trends towards increasing diversity. While the U.S. has been moving towards greater racial and ethnic diversity, 5 Points has maintained its status as a predominantly white neighborhood. The gradual increases in Hispanic, Asian, and multiracial populations align with broader national demographic shifts, albeit at a slower pace.
The economic volatility observed, particularly the sharp rise and fall in median income between 2020 and 2022, may reflect broader economic disruptions caused by the COVID-19 pandemic. Many areas across the U.S. experienced economic instability during this period, though the extent of fluctuation in 5 Points appears more pronounced than national averages.
5 Points remains a low-diversity area with a strong white majority. Subtle demographic shifts and economic fluctuations suggest a neighborhood in the early stages of transition. Continued monitoring of these trends will be crucial to understand the long-term trajectory of this historic Sarasota neighborhood.
