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Demographics
Population
Median Income
Racial Distributions
Parrot Cove, a neighborhood in Lake Worth Beach, Florida, is classified as a Low Diversity community with a White Majority. As of 2022, the neighborhood has a population of 1,219 and a median income of $70,303. Parrot Cove is characterized by its historic charm, featuring many early 20th-century homes and a strong sense of community.
Over the past decade, Parrot Cove has maintained its status as a Low Diversity community with a White Majority. The white population has remained above 75% throughout the period, with minor fluctuations. In 2017, the neighborhood approached Moderate Diversity status, with the Asian population peaking at 9% and the white population dipping to 74%. This shift was temporary, and the community quickly reverted to its Low Diversity status.
There has been a gradual increase in the Hispanic population, rising from 6% in 2013 to 10% in 2022, indicating a slow but steady diversification trend. Conversely, the Black population has decreased over time, from 14% in 2013 to 5% in 2022, suggesting a potential demographic shift or displacement.
The median income in Parrot Cove has fluctuated over the years, showing no clear trend. The highest median income was recorded in 2014 at $80,618, coinciding with a period of particularly low diversity (84% white population). A significant drop in median income occurred in 2018 to $62,196, corresponding with a slight increase in diversity (10% Asian population). Since 2018, the median income has stabilized around $70,000-$73,000, as the community has seen a slight increase in Hispanic representation.
Population figures have shown moderate growth over the decade, from 1,164 in 2010 to 1,219 in 2022, with some year-to-year fluctuations. The demographic trends in Parrot Cove diverge from national trends towards increasing diversity. While the U.S. as a whole has been moving towards greater racial and ethnic diversity, Parrot Cove has maintained its status as a predominantly white community.
The neighborhood's median income, around $70,000, is above the national median household income (approximately $67,521 in 2020). This suggests that Parrot Cove remains a relatively affluent area, which may contribute to its demographic stability and potentially limit opportunities for increased diversity through new residents. The subtle shifts observed, such as the increasing Hispanic population and decreasing Black population, may reflect broader gentrification trends seen in many urban areas across the United States.
In conclusion, while Parrot Cove has maintained its Low Diversity status over the past decade, subtle demographic shifts and income fluctuations suggest a community in slow transition. The challenge for the future may be balancing the preservation of the neighborhood's historic character with the potential for increased diversity and inclusivity.