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Demographic Analysis of Oviedo, Florida: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Oviedo, Florida, exhibits demographic changes from 2013 to 2022. The city maintains a white majority but shows increasing diversity. In 2013, the white population was 70% of the total. By 2022, this percentage decreased to 63%. The Hispanic population increased from 16% in 2013 to 22% in 2022. Slight increases in Asian and multi-racial populations were also observed.
The city experienced economic growth alongside demographic changes. The median income rose from $84,737 in 2013 to $95,421 in 2022, an increase of 12.6%. The population grew from 45,626 in 2013 to 51,062 in 2022, an increase of 11.9%. These trends suggest Oviedo has become an attractive location for diverse groups.
Oviedo's trends align with patterns seen in many U.S. suburban areas. Many suburbs are experiencing increased diversity as minority populations grow and seek opportunities outside urban centers. The economic growth in Oviedo is notable, as not all diversifying communities experience simultaneous economic expansion.
Based on observed trends, Oviedo will likely continue its trajectory towards increased diversity. Within the next 5-10 years, Oviedo may transition from a "White Majority" community to either a "Moderate Diversity" community or potentially a "Majority-Minority" community. The steady growth in median income suggests Oviedo will likely continue to prosper economically.
Oviedo represents a transitional community evolving from a predominantly white, relatively low-diversity suburb into a more diverse, economically prosperous area. This transition is occurring gradually alongside economic growth, suggesting a relatively smooth demographic evolution.
