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Demographic Analysis of Coral Ridge: A Predominantly White Neighborhood in Transition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Coral Ridge, a neighborhood in Fort Lauderdale, Florida, is categorized as a Low Diversity area with a White Majority. As of 2022, the white population comprises 75% of the neighborhood's residents. The median income in Coral Ridge was $99,221 in 2022, which is above the national average. The neighborhood is known for its waterfront properties and proximity to the Intracoastal Waterway.
Over the past decade, Coral Ridge has maintained its status as a White Majority neighborhood but has shown indications of a gradual transition towards increased diversity. In 2013, the white population constituted 86% of the neighborhood, which decreased to 75% by 2022. This change places Coral Ridge at the threshold between Low Diversity and Moderate Diversity categories.
The Hispanic population in Coral Ridge has experienced the most significant growth, increasing from 9% in 2013 to 15% in 2022. The Black population has also seen a small increase, from 0% in 2013 to 4% in 2022. The percentage of residents identifying as two or more races doubled from 2% to 4% during this period. These demographic shifts suggest that Coral Ridge is slowly evolving into a Transitional Community, moving towards greater racial diversity at a gradual pace.
The median income in Coral Ridge has fluctuated over the years but has generally remained high. It was $108,570 in 2013, peaked at $119,629 in 2014, and stood at $99,221 in 2022. This slight decrease in median income correlates with the increase in diversity, possibly indicating that the neighborhood is becoming more accessible to a broader range of income levels. The population has remained relatively stable, with a slight decrease from 6,099 in 2013 to 5,313 in 2022.
The trends observed in Coral Ridge reflect broader national patterns of increasing diversity in suburban and affluent urban areas. However, the pace of change in Coral Ridge appears to be slower than national averages. The slight decrease in median income, while still remaining well above national averages, could be indicative of a broader trend of income inequality and changing economic dynamics in high-income areas.
In conclusion, Coral Ridge remains a predominantly white, affluent neighborhood, but shows signs of a gradual transition towards greater diversity. This slow but steady change suggests a community in the early stages of demographic shift, balancing its established character with evolving social and economic dynamics.
