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Demographic Analysis of Coral Gables: Hispanic Majority and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Coral Gables, Florida, as of 2022, is classified as a "Majority-Minority" community with a Hispanic majority. The city's demographic composition shows a Hispanic dominance at 60% of the population, with White non-Hispanic residents forming a minority at 31%. The median household income of $106,598 in 2022 indicates an affluent community, above the national average.
Over the past decade, Coral Gables has maintained its status as a "Majority-Minority" community. From 2013 to 2022, the Hispanic population increased from 57% to 60%, while the White non-Hispanic population decreased from 37% to 31%. This trend indicates a gradual strengthening of the Hispanic majority.
The city has shown signs of increasing diversity. The Asian population increased from 1% in 2013 to 3% in 2022. The proportion of residents identifying as two or more races increased from less than 1% to 2% over the same period. This may indicate the early stages of a transition towards a "High Diversity" category, although the Hispanic majority remains strong.
The median household income in Coral Gables has fluctuated over the past decade but has generally remained high. It peaked at $119,440 in 2021 before decreasing to $106,598 in 2022. The strengthening of the Hispanic majority has not led to a significant long-term decline in median income. This suggests that the Hispanic population in Coral Gables is largely affluent.
The demographic trends in Coral Gables align with broader patterns seen in parts of Florida and the United States, where Hispanic populations are growing. The high median income sets Coral Gables apart from many other majority-Hispanic communities nationwide, indicating a unique socioeconomic profile.
Based on observed trends, Coral Gables will likely continue to be a "Majority-Minority" community with a strong Hispanic majority in the near future. The gradual increase in diversity suggests a potential long-term transition towards a "High Diversity" category. This transition would likely take many years given the current demographic distribution.
Economically, the city is likely to maintain its affluent status, barring major economic disruptions. The correlation between the growing Hispanic majority and sustained high median incomes suggests that this demographic shift is unlikely to negatively impact the city's overall economic profile.
Coral Gables presents a case of a wealthy, majority-Hispanic community that is slowly becoming more diverse while maintaining its economic strength. This combination of demographics and economics could serve as a model for understanding evolving urban dynamics in multicultural, high-income areas.
