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Demographic and Economic Analysis of Live Oaks Square: A Predominantly Black Neighborhood in Tampa, Florida
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Live Oaks Square in Tampa, Florida, is a predominantly Black Majority neighborhood with a median income of $35,390 as of 2022. The community has maintained this racial composition over the past decade, demonstrating demographic stability. Live Oaks Square has historical significance in Tampa's African American community, with roots tracing back to the early 20th century.
Throughout the analyzed period (2013-2022), Live Oaks Square has consistently been categorized as Black Majority. The Black population has remained above 70% during this time, with a peak of 81% in 2020 and 2021. The Hispanic population has fluctuated between 9% to 15% over the years, with a slight increase from 11% in 2021 to 13% in 2022. The White population has gradually increased from 3% in 2014 to 8% in 2022. The Two or More Races category has grown, particularly in 2022, increasing to 5% from 2% in previous years. These changes have not altered the overall Black Majority status but indicate a trend towards slightly increased diversity within the neighborhood.
The median income in Live Oaks Square has shown overall growth, with fluctuations. From 2013 to 2019, there was a general upward trend from $25,054 to $37,324, indicating economic improvement. Between 2020 and 2022, some volatility was observed, with a drop to $32,313 in 2021 before rising again to $35,390 in 2022. These economic shifts correlate with demographic changes. The period of steady income growth (2013-2019) coincided with relative stability in racial composition. The recent income fluctuations (2020-2022) align with subtle increases in diversity, particularly the growth in White and Two or More Races categories.
Population figures have remained relatively stable, ranging from about 3,300 to 4,000 residents throughout the decade. This stability suggests that demographic changes are more likely due to shifting compositions within the existing population rather than significant influxes or outflows of residents.
Live Oaks Square maintains a strong Black Majority, but its subtle shifts towards increased diversity align with broader national trends of increasing multiracial populations in urban areas. The neighborhood's demographic stability contrasts with more rapid diversification seen in many other U.S. cities. The income growth, despite recent fluctuations, generally mirrors national trends of economic recovery post-2008 recession and the challenges posed by the COVID-19 pandemic. However, the median income in Live Oaks Square remains significantly below the national median ($70,784 in 2021), highlighting ongoing economic challenges within the community.
Live Oaks Square presents a picture of a historically Black neighborhood that, while maintaining its core demographic character, is experiencing subtle shifts towards increased diversity and gradual economic improvement. These changes, though modest, may signal the beginning of broader socio-economic transformations in the coming years, potentially impacting community dynamics, local businesses, and housing markets.
