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Demographic Analysis of Gateway/Waterway: A Predominantly White Neighborhood in Venice, Florida
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Gateway/Waterway, a neighborhood in Venice, Florida, currently exhibits a low diversity demographic profile with a strong white majority as of 2022. The area's median income of $51,987 in 2022 places it slightly below the national median household income. This coastal neighborhood is known for its network of canals and waterways.
Over the past decade, Gateway/Waterway has maintained its status as a low diversity community with a strong white majority. The white population has seen a gradual decline from 89% in 2017 to 85% in 2022. The Asian population fluctuated, peaking at 9% in 2016 before declining to 5% in 2022. The Hispanic population has shown a steady increase from 1% in 2013 to 6% in 2022.
By 2022, the neighborhood shows signs of very slow transition towards slightly more diversity, with increases in Black (2%) and Two or More Races (2%) categories. The median income in Gateway/Waterway has shown fluctuations over the years. There was significant growth from $47,157 in 2013 to a peak of $57,362 in 2017, representing a 21.6% increase.
Since 2017, there's been a general downward trend in median income, with the 2022 median income ($51,987) being about 9.4% lower than the 2017 peak. The period of highest income (2017) coincided with the highest percentage of white population (89%), while the recent slight increase in diversity has occurred alongside a modest decline in median income.
The neighborhood has experienced an overall decline in population from 3,073 in 2013 to 2,577 in 2022, a decrease of about 16.1%. This decline might be influencing the economic and demographic shifts observed.
Gateway/Waterway's slow diversification trend aligns with broader national patterns of increasing diversity in suburban and coastal areas. The income fluctuations, particularly the decline since 2017, may reflect broader economic challenges faced by many coastal communities. The population decline could be attributed to various factors such as aging demographics, changing preferences for urban living among younger generations, or potential impacts of climate change on coastal living desirability.
While Gateway/Waterway remains a low diversity community with a strong white majority, it shows early signs of a transitional community status. The economic trends, coupled with the slow demographic shifts, suggest a community in the early stages of change, potentially influenced by broader regional and national socio-economic factors.
