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Demographic and Economic Analysis of Palmetto Beach: A Neighborhood with Hispanic Plurality and Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Palmetto Beach, a neighborhood in Tampa, Florida, represents a Majority-Minority community with a Hispanic plurality. As of 2022, the area is characterized by Moderate Diversity, with Hispanic (49%), White (34%), and Black (13%) populations. The neighborhood has experienced economic growth, with the median income rising from $31,950 in 2017 to $40,310 in 2022. Palmetto Beach is located along the eastern shore of Hillsborough Bay.
Over the past decade, Palmetto Beach has maintained its status as a Majority-Minority community. The Hispanic population has remained the largest group, fluctuating between 48% and 53% from 2013 to 2022. The community has shifted towards Moderate Diversity by 2022, with the Hispanic population at 49% and increased representation from other groups. The Black population has shown variability, ranging from 8% to 14% over the decade, ending at 13% in 2022. The White population has remained relatively stable, between 33-38% throughout the decade. There is a slight increase in the two or more races category, from 1% in 2013 to 3% in 2022.
The economic landscape of Palmetto Beach has shown improvement over the decade. Median income has risen from $32,230 in 2013 to $40,310 in 2022, representing a 25% increase. Despite income growth, the population has decreased from 5,082 in 2010 to 4,448 in 2022. The neighborhood saw continued income growth from 2019 to 2021, despite the COVID-19 pandemic.
Palmetto Beach's demographic trends align with broader patterns seen in many urban areas across the United States. The strong Hispanic presence reflects the general trend of increasing Hispanic populations in many U.S. cities, particularly in Florida. The shift towards Moderate Diversity mirrors national trends of increasing racial and ethnic diversity in urban areas. The neighborhood's income growth is consistent with the economic recovery and growth seen in many urban areas post-2008 recession and through the pandemic recovery. The slight population decrease, despite economic growth, could be indicative of broader urban trends such as suburban migration or housing affordability issues in growing cities.
Palmetto Beach exemplifies a dynamic, diverse urban neighborhood experiencing both demographic shifts and economic growth. Its evolution from a more pronounced Hispanic majority to a more moderately diverse community, coupled with significant income growth, suggests a neighborhood in transition. These changes likely bring both opportunities and challenges for community cohesion, cultural preservation, and economic development in the coming years.
