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Demographic Analysis of Lakewood Ranch, Florida: A Study of Racial Composition and Income
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Lakewood Ranch, Florida, is classified as a Low Diversity community with a strong White Majority. In 2022, the white population constituted 83% of the total, exceeding the 75% threshold for Low Diversity. The city's population increased from 22,891 in 2013 to 43,349 in 2022, nearly doubling over the past decade. Concurrently, the median income rose from $99,317 in 2013 to $116,654 in 2022, indicating economic growth.
Lakewood Ranch has maintained its status as a Low Diversity, White Majority community throughout the observed period. However, minor changes in diversity are evident. The white population percentage decreased from 88% in 2013 to 83% in 2022. The Hispanic population increased from 8% to 9%, while both Asian and Black populations grew from 1% to 2%. The "Two or More Races" category emerged, rising from 0% to 4% between 2013 and 2022. These changes suggest a gradual transition towards greater diversity, although the community remains far from the Moderate Diversity category.
The demographic shifts correlate with significant economic growth. Median income increased by approximately 17.5% from 2013 to 2022, surpassing inflation rates. The population grew by about 89% during the same period. This economic prosperity may be attracting a more diverse population, albeit slowly. The high median income could be a factor in maintaining the area's predominantly white demographic, potentially due to socioeconomic barriers to entry for other racial groups.
Lakewood Ranch's demographic composition differs significantly from Florida's overall racial makeup, which is more diverse. The city's rapid growth and high median income suggest it may be outperforming many other areas in the state economically.
Based on observed trends, Lakewood Ranch is likely to continue its trajectory of slow diversification while maintaining its White Majority status in the near future. The community might be categorized as a Transitional Community in the coming years if current trends accelerate. The white population percentage may continue to decrease gradually. The Hispanic, Asian, and Black populations are likely to see modest increases. The "Two or More Races" category may continue to grow, potentially indicating increasing interracial families or a growing comfort with multi-racial identification.
Economically, the area is likely to continue attracting affluent residents, which may slow the diversification process. However, as the community grows and potentially becomes more integrated into the broader region, it may start to reflect more of Florida's overall diversity.
In conclusion, while Lakewood Ranch remains a Low Diversity, White Majority community, subtle shifts suggest a slow transition towards greater racial diversity. This change, coupled with strong economic growth, indicates a prosperous, evolving community that may become more representative of Florida's broader demographic makeup in the long term.
