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Demographic Analysis of Zip Code 32931: Predominantly White Population with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 32931 in Cocoa Beach, Florida, is classified as having Low Diversity as of 2022. The population is predominantly white, with 87% identifying as such. The median income for the area in 2022 was $73,917, showing an increase from a decade ago.
Cocoa Beach has maintained its status as a Low Diversity community over the past decade, with the white population remaining above 75% throughout this period. There are indications of a Transitional Community emerging. The Hispanic population has increased from 2% in 2013 to 7% in 2022, suggesting gradual diversification. The population identifying as two or more races has also slightly increased from 1% in 2013 to 2% in 2022.
The median income in Cocoa Beach has grown substantially over the past decade, rising from $50,623 in 2013 to $73,917 in 2022, an increase of approximately 46%. This economic growth has occurred alongside subtle demographic shifts. The population has remained relatively stable during this period, fluctuating between about 13,979 and 14,501 residents.
The gradual increase in Hispanic population in Cocoa Beach aligns with broader national trends of growing Hispanic communities across the United States. However, the rate of diversification appears slower than in many other parts of the country, particularly urban areas.
The increase in median income over the decade outpaces the national average, suggesting strong economic growth in the area. This could be attributed to changes in the local job market, an influx of higher-income residents, or overall economic development in the region.
Despite the economic growth, the community has maintained a stable population size. This could indicate a trend towards a more affluent demographic, possibly due to rising property values or cost of living in this coastal city.
Cocoa Beach remains a Low Diversity community, but there are signs of gradual demographic shifts alongside significant economic growth. These trends suggest a slowly evolving community that may continue to see increased diversity and economic prosperity in the coming years, potentially transitioning towards a Moderate Diversity classification in the future if current trends continue.
