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Demographics
Population
Median Income
Racial Distributions
The zip code 33051 in Key Colony Beach, Florida, is classified as having "Low Diversity" as of 2022. The population is 98% white with a 2% Hispanic presence. The median income is $108,656, indicating an affluent community. The area has a population of 571 residing in 0.53 square miles.
Key Colony Beach has maintained its "Low Diversity" status over the past decade. The white population has consistently been the majority, never falling below 89%. From 2013 to 2017, there was a slight decrease in the white population from 98% to 89%, with minor increases in black and Hispanic populations. From 2018 onwards, the white population increased back to 98% by 2022. The Hispanic population has remained between 1-3% throughout the decade.
The economic trajectory of Key Colony Beach shows a positive trend. The median income has grown from $63,508 in 2013 to $108,656 in 2022, a 71% increase over nine years. This economic growth coincides with the period of demographic stabilization and return to a high white majority. The population has fluctuated, with a notable increase from 400 in 2019 to 571 in 2022, suggesting a recent influx of new residents.
Key Colony Beach's demographic trends contrast with national trends of increasing diversity in urban and suburban areas. The area's demographic and economic evolution may be indicative of gentrification, with rising median income and increasing white population percentage potentially pricing out minority populations. The area might be attracting wealthy retirees, who tend to be predominantly white in the United States. Limited housing availability, with only an estimated 219 housing units in a small 0.53 square mile area, may restrict opportunities for demographic change.
Key Colony Beach demonstrates a case of increasing affluence coupled with decreasing diversity, contrary to many national trends. This demographic and economic evolution suggests a specific local context, potentially influenced by its coastal location, limited geographic area, and appeal to wealthy, predominantly white residents.