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Demographics
Population
Median Income
Racial Distributions
The Pico District in Santa Monica, California, is a community characterized by moderate diversity. As of 2022, the Hispanic population comprises 38% of the residents, followed by the White population at 35% and the Asian population at 11%. This demographic composition reflects the neighborhood's position within the Los Angeles metropolitan area.
Over the past decade, the Pico District has maintained its moderate diversity status, but experienced shifts in its racial composition. In 2013, the Hispanic population was 37%, the White population was 32%, and the Asian population was 18%. By 2022, there was a slight increase in the Hispanic population and a decrease in the Asian population. The neighborhood has consistently avoided having a racial majority, with no single group exceeding 50% of the population.
The Pico District has shown characteristics of a transitional community. There has been a gradual increase in the Hispanic population and a notable rise in residents identifying as two or more races, from 3% in 2013 to 6% in 2022. The median income in the area has fluctuated over the past decade. From 2013 to 2018, there was a downward trend, with median income dropping from $68,184 to $61,846. Since 2019, there has been an increase, with median income reaching $79,910 in 2022.
The economic rebound coincides with the slight increase in the Hispanic population and the decrease in the Asian population, suggesting potential shifts in the neighborhood's economic landscape. The population has shown steady growth, increasing from 8,693 in 2013 to 10,307 in 2022, indicating the neighborhood's growing attractiveness or increased housing density.
The demographic trends in the Pico District align with patterns seen in many urban areas across the United States, where increasing diversity and Hispanic population growth are common. The economic rebound in recent years is notable, as it contrasts with struggles faced by many urban neighborhoods following the 2008 financial crisis and the COVID-19 pandemic.
The maintenance of moderate diversity amid economic changes suggests community resilience and potentially effective local policies aimed at preserving neighborhood character while accommodating growth and change. The increasing proportion of residents identifying as two or more races aligns with national trends, reflecting growing multiracial identities across the country.
The Pico District exemplifies a dynamic urban neighborhood navigating demographic change and economic fluctuations. Its ability to maintain diversity while experiencing economic growth in recent years presents a case study in urban development and community resilience.