Loading Content...
Demographic Analysis of Crestview, Florida: Racial Composition and Income Trends (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Crestview, Florida, with a population of 40,801 in 2022, is classified as a "White Majority" community. The city's median income in 2022 was $62,334. Over the past decade, Crestview has shown indications of increasing diversity.
From 2013 to 2022, Crestview maintained its "White Majority" status, but exhibited a trend towards greater diversity. The white population decreased from 71% to 66%, while the Black population increased from 13% to 16%. The Hispanic population experienced the most significant growth, doubling from 5% to 10%. Asian and Two or More Races categories remained relatively constant. These demographic shifts suggest a gradual transition towards a "Moderate Diversity" classification.
The city's median income increased overall from $58,125 in 2013 to $62,334 in 2022, representing a 7.2% growth. However, this growth was not consistent. There was substantial increase from 2013 to 2020, reaching a peak of $69,919 in 2021. A notable decrease of approximately 10.8% occurred in 2022 compared to the previous year. This economic fluctuation coincides with the increasing diversity, potentially indicating correlations between demographic changes and economic conditions.
The observed trends in Crestview align with broader national patterns of increasing diversity in many U.S. cities. The economic downturn in 2022 may reflect national economic challenges, such as high inflation and post-pandemic economic uncertainty.
Based on the observed trends, Crestview is likely to continue its trajectory towards increased diversity. If current trends persist, the city may transition from a "White Majority" to a "Moderate Diversity" classification within the next 5-10 years. The Hispanic population may continue to grow at a faster rate than other minority groups. In the longer term (15-20 years), the city might approach "Majority-Minority" status if current trends accelerate.
The recent decline in median income is a concern. If this is not a temporary fluctuation, it could impact the city's ability to attract and retain a diverse population. However, if the city can leverage its increasing diversity to attract new businesses and opportunities, it may experience a resurgence in economic growth.
Crestview is undergoing a gradual but significant demographic transition. This shift towards greater diversity, combined with economic fluctuations, presents both challenges and opportunities for the community. The city's approach to navigating these changes will be crucial in shaping its future demographic and economic landscape.
