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Demographics
Population
Median Income
Racial Distributions
Lake Mary, Florida, exhibits a demographic profile categorized as a "White Majority" community with "Moderate Diversity" as of 2022. The white population comprises 64% of the total, while Hispanic (15%), Black (8%), and Asian (8%) communities contribute to the city's diversity. The median income of $95,102 in 2022 indicates a relatively affluent population.
Over the past decade, Lake Mary has transitioned from a "Low Diversity" community towards "Moderate Diversity." In 2013, the white population was 66% of the total, near the "Low Diversity" classification. By 2022, this percentage decreased to 64%, while other racial groups increased modestly. The Hispanic population remained stable around 15-16%, the Asian population doubled from 4% to 8%, and the Black population fluctuated but showed a slight overall increase from 12% to 8%.
The city's economic profile has demonstrated growth, with median income increasing from $83,087 in 2013 to $95,102 in 2022, a 14.5% rise. This economic growth coincides with increasing diversity, suggesting a potential correlation between the city's growing affluence and its diversifying population. The population has grown moderately, from 24,388 in 2013 to 26,099 in 2022, a 7% increase.
Lake Mary's trends align with patterns seen in many suburban areas across the United States. The combination of increasing diversity, population growth, and rising incomes is often characteristic of economically successful suburban communities, particularly those near major metropolitan areas.
Based on observed trends, Lake Mary is likely to continue its trajectory towards greater diversity. If current trends persist, the city may transition from a "White Majority" to a "Majority-Minority" community within the next decade or two. The Asian and Hispanic populations show the most consistent growth and may become more significant demographic groups in the community.
Economically, the steady increase in median income suggests continued prosperity. As the community becomes more diverse, ensuring that this economic growth is inclusive and benefits all racial groups will be crucial.
Lake Mary is evolving into a more diverse, affluent suburban community. This transition presents opportunities and challenges, including the need to maintain social cohesion and ensure equitable economic opportunities across all demographic groups. The city's future success may depend on how well it manages this demographic transition while maintaining its economic growth trajectory.