Loading Content...
Demographic Analysis of Zip Code 33432: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 33432 in Boca Raton, Florida, is classified as having "Low Diversity" as of 2022. The area is predominantly white, comprising 75% of the population. The median income is $87,446, and the population is 22,424. This coastal community has maintained a stable racial composition over the past decade, with minor shifts observed.
From 2013 to 2022, the zip code has consistently been categorized as "Low Diversity," with the white population representing over 75% of residents. However, gradual changes in diversity are evident. The Hispanic population has grown steadily, increasing from 11% in 2013 to 16% in 2022. The white population has slightly decreased from 78% in 2013 to 75% in 2022. The Asian population and those identifying as two or more races have grown from 1% each in 2013 to 2% each in 2022.
These changes indicate a trend towards a more diverse community, potentially transitioning towards a "Transitional Community" status in the future if these trends persist. The demographic shifts correlate with significant economic changes. The median income has increased from $69,046 in 2013 to $87,446 in 2022, representing a 26.6% increase over nine years. The median income peaked at $103,854 in 2021 before declining in 2022. The population has grown from 20,396 in 2013 to 22,424 in 2022, a 9.9% increase.
The correlation between increasing diversity and rising incomes suggests that the area may be attracting a more diverse group of affluent professionals and families. This could be driven by factors such as job opportunities, quality of life, or changes in local housing policies.
The income growth in this zip code likely outpaces national averages, indicating a particularly prosperous area. The gradual increase in diversity aligns with broader national trends towards more diverse communities, especially in suburban and coastal areas. The area's continued low diversity, despite being in Florida, suggests that this particular zip code may have unique factors maintaining its demographic composition, such as high property values or specific local policies.
In conclusion, zip code 33432 in Boca Raton remains a predominantly white, affluent area with low diversity. However, there are subtle signs of increasing diversity and significant economic growth. These trends suggest a slowly evolving community that may experience more significant demographic changes in the coming years, potentially moving towards a more diverse and even more affluent profile.
