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Demographic and Economic Analysis of Central Beach: Low Diversity and Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Central Beach in New Smyrna Beach, Florida, is characterized as a neighborhood with Low Diversity. The White population comprises 97% of the total as of 2022. The median income in the area has increased to $81,652 in 2022. Central Beach is a coastal community known for its beaches and relaxed atmosphere.
The neighborhood has maintained its Low Diversity status from 2013 to 2022. The White population has consistently remained above 92%, reaching 99% in 2013. Minor increases in Hispanic, Asian, and multi-racial populations have occurred, but these changes have not significantly altered the demographic composition. The persistent Low Diversity classification indicates a stable, homogeneous community.
The median income in Central Beach has shown an upward trend over the past decade. It increased from $56,636 in 2013 to $81,652 in 2022, representing a 44% growth over nine years. This increase suggests an improving economic situation for residents. The population has remained relatively stable, with some fluctuations, peaking at 1,816 in 2016 and declining to 1,475 in 2022.
The combination of rising incomes and stable population may indicate that the neighborhood is becoming more desirable for higher-income residents. This could be attributed to its coastal location and amenities. However, the lack of demographic diversity persists despite these economic changes.
The demographic makeup of Central Beach differs from national averages. The United States has become increasingly diverse over the past decade, with growing Hispanic, Asian, and multi-racial populations. In contrast, Central Beach has maintained its White majority.
Income growth in Central Beach surpasses the national average. U.S. Census Bureau data shows that the national median household income grew by approximately 10% between 2013 and 2021, adjusted for inflation. Central Beach experienced a more substantial increase over a similar period.
Central Beach presents a case of economic growth within a demographically stable, low-diversity community. Incomes have risen significantly, while the racial composition has remained largely unchanged, contrasting with broader national trends towards increased diversity. This suggests that local factors, possibly related to its coastal location and specific community characteristics, are influencing the neighborhood's demographic and economic profile.
