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Demographics
Population
Median Income
Racial Distributions
The Fairway neighborhood in New Smyrna Beach, Florida, is characterized as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 94% of the neighborhood, with a median income of $46,222. Fairway is located near the New Smyrna Beach Municipal Golf Course.
Over the past decade, Fairway has maintained its status as a Low Diversity community with a White Majority. From 2013 to 2018, there was a slight trend towards Moderate Diversity, with the white population decreasing from 90% to 86% and increases in Black and Hispanic populations. After 2018, this trend reversed, with the white population increasing to 94% by 2022, reinforcing its Low Diversity status.
The median income in Fairway has fluctuated over the years. From 2013 to 2019, there was a general upward trend in median income, coinciding with the period of slightly increasing diversity. After 2019, median income declined, dropping from $50,819 in 2019 to $46,222 in 2022, as the neighborhood became less diverse. Population figures show overall growth from 2,888 in 2013 to 3,813 in 2022.
The demographic trends in Fairway contrast with broader national trends towards increasing diversity. While many urban and suburban areas across the U.S. have seen growing minority populations and increased racial mixing, Fairway appears to be moving in the opposite direction.
The economic fluctuations in Fairway may reflect broader economic trends, such as the impact of the COVID-19 pandemic, which caused economic disruptions nationwide from 2020 onward. The specific pattern of income growth during periods of increasing diversity, followed by decline as diversity decreased, may be unique to this neighborhood.
In conclusion, while Fairway experienced a brief period of increasing diversity and economic growth in the mid-2010s, it has since reverted to a more homogeneous demographic profile with a slight economic decline. This trend diverges from national patterns of increasing diversity and highlights the unique demographic and economic dynamics at play in this Florida neighborhood.