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Demographics
Population
Median Income
Racial Distributions
Merritt Island, Florida, exhibits characteristics of a Low Diversity community with a White Majority. As of 2022, the white population constitutes 83% of the total, surpassing the 75% threshold for Low Diversity classification. The city's median income is $79,902 in 2022, with a population of 34,559 spread across 17.44 square miles.
Over the past decade, Merritt Island has maintained its status as a Low Diversity, White Majority community. Subtle shifts in racial composition suggest a slow trend towards increased diversity. The white population percentage has slightly decreased from 84% in 2013 to 83% in 2022. The Asian population has shown the most significant growth, increasing from 1% in 2013 to 3% in 2022. The Hispanic population has remained relatively stable, fluctuating between 7-8% throughout the decade. The proportion of individuals identifying as two or more races has increased from 1% in 2013 to 4% in 2022.
The median income in Merritt Island has shown significant growth over the past decade. It increased from $66,613 in 2013 to $79,902 in 2022, representing a 20% increase. A notable spike occurred in 2021, reaching $87,276, before slightly declining in 2022. This economic growth correlates with the subtle increases in diversity, potentially indicating that the area is attracting a more diverse, affluent population.
The trends in Merritt Island align with broader patterns seen in many suburban areas across the United States. These areas often experience gradual increases in diversity and median income as they attract new residents from various backgrounds, often drawn by economic opportunities or quality of life factors.
Based on the observed trends, Merritt Island is likely to continue its gradual transition towards increased diversity over the coming years. While it may remain a White Majority community for the foreseeable future, it could potentially transition from Low Diversity to Moderate Diversity if current trends accelerate. The most likely scenario for the future includes a continued slow decrease in the white population percentage, potentially dropping below 80% within the next 5-10 years. Further increases in the Asian and multiracial populations are expected, along with a stable or slightly increasing Hispanic population. Continued growth in median income is anticipated, barring any significant economic downturns.
If these trends continue, Merritt Island could eventually transition into a Moderate Diversity category, particularly if the white population drops below 75% and other racial groups see more significant increases. However, this transition would likely take several more years at the current rate of change. In conclusion, while Merritt Island remains a Low Diversity, White Majority community, subtle demographic shifts and strong economic growth suggest a gradual evolution towards increased diversity and affluence. This trend aligns with broader patterns seen in many suburban areas across the United States, reflecting changing social and economic dynamics in these communities.