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Demographics
Population
Median Income
Racial Distributions
Lake City, Florida exhibits a demographic profile categorized as a "White Majority" community. As of 2022, the white population constitutes 68% of the city's residents, with a Black minority of 22%. The median income in 2022 was $48,020, and the population of 28,366 was spread across 12.25 square miles.
Over the past decade, Lake City has maintained its "White Majority" status, with minor changes. The white population percentage decreased from 70% in 2013 to 68% in 2022, while the Black population remained between 18% and 22%. This indicates a gradual trend towards increased diversity, though not sufficient to alter the city's overall demographic classification.
The Asian and Hispanic populations showed slight increases from 1% to 2% and 4% to 5% respectively, indicating gradual diversification. The emergence of a small "race_other" category (1%) and an increase in "race_two_or_more" from 2% to 3% further support this trend.
The median income in Lake City increased from $41,148 in 2013 to $48,020 in 2022, representing a 16.7% increase over the decade. This growth was not linear, with fluctuations observed. A significant increase occurred between 2015 and 2016, from $44,703 to $47,419, followed by a slight decline and subsequent recovery.
The population has remained relatively stable over the decade, with minor fluctuations. A notable decrease from 29,785 in 2013 to 27,295 in 2015 was followed by a recovery. This population stability, combined with the gradual increase in median income, suggests a slowly improving economic situation for the average resident.
The trends observed in Lake City align with broader national trends of gradual diversification in smaller cities and modest economic growth. The stability of the population suggests that Lake City has not experienced significant migration patterns that some other small to mid-sized cities might have faced in recent years.
Based on observed trends, Lake City is likely to continue its gradual shift towards greater diversity in the coming years. While it may maintain its "White Majority" status in the near term, there is a possibility of transitioning towards a "Moderate Diversity" category if current trends persist. This would be characterized by a further decrease in the white population percentage and increases in other racial groups, particularly Hispanic, Asian, and multiracial populations.
Economically, if the trend of increasing median income continues, Lake City may experience further improvement in its economic standing. However, the rate of increase may be moderate, given the fluctuations observed in recent years.
Lake City appears to be on a path of slow but steady demographic diversification and economic improvement. These changes suggest a community in transition, potentially moving towards a more diverse and economically stable future. Monitoring these trends will be crucial for local policymakers and community leaders to ensure that the city can adapt to and benefit from these gradual changes.