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Demographics
Population
Median Income
Racial Distributions
Palm City, Florida, is characterized as a Low Diversity community with a strong White Majority. As of 2022, the white population constitutes 85% of the total, and the median income is $101,246. The community has experienced steady population growth over the past decade, reaching 26,005 residents in 2022.
Palm City has maintained its status as a Low Diversity, White Majority community throughout the observed period. However, subtle shifts indicate a gradual trend towards increased diversity. The white population has decreased from 91% in 2014 to 85% in 2022. The Hispanic population has grown from 5% in 2014 to 8% in 2022. The Asian population has remained relatively stable at 2-3%. The "Two or More Races" category has increased from 1% to 3% between 2014 and 2022. These changes suggest that Palm City may be slowly transitioning towards a more diverse community, though it remains firmly in the Low Diversity category.
The median income in Palm City has shown significant growth. It increased from $86,034 in 2014 to $101,246 in 2022, representing a 17.7% increase. A notable spike occurred in 2021, reaching $110,899, before slightly decreasing in 2022. This economic growth correlates with the gradual increase in diversity, suggesting that the area may be attracting a more diverse, affluent population.
The trends in Palm City align with broader patterns seen in many suburban areas across the United States. These include gradual diversification of predominantly white communities, increasing median incomes in affluent suburban areas, and growth in multi-racial identification, as seen in the increase of the "Two or More Races" category.
Based on the observed trends, Palm City is likely to continue its gradual transition towards increased diversity over the next decade. While it may remain in the Low Diversity category in the near term, it could potentially evolve into a Moderate Diversity community if current trends accelerate. The white population may continue to decrease, potentially dropping below 80% within the next 5-10 years. Hispanic and Asian populations are likely to see continued growth. The "Two or More Races" category may continue to increase, reflecting national trends in multi-racial identification. Median income is likely to continue rising, albeit potentially at a slower rate than the sharp increases seen in recent years.
If these trends continue, Palm City could eventually transition from a Low Diversity, White Majority community to a Moderate Diversity community with a strong white plurality. This transition would likely be accompanied by continued economic growth and potential changes in local cultural dynamics and services to accommodate a more diverse population.