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Demographic and Economic Analysis of the Maximo Neighborhood: A White Majority Community
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Maximo neighborhood in St. Petersburg, Florida, is classified as a White Majority community with moderate diversity. As of 2022, the white population constitutes 72% of residents, with Black (18%) and Hispanic (5%) minorities. The neighborhood has experienced economic growth, with the median income increasing from $71,443 in 2013 to $88,516 in 2022. Maximo is located on Tampa Bay, offering waterfront views and recreational opportunities.
Over the past decade, Maximo has maintained its White Majority status, with some fluctuations. Around 2018, the neighborhood approached a Moderate Diversity classification when the white population decreased to 64% and the Black population reached 21%. This trend subsequently reversed, returning to a more pronounced White Majority by 2022. The Hispanic population has remained between 5-9% throughout the decade. Asian and multiracial populations have shown slight increases.
The median income in Maximo has increased by approximately 24% from 2013 to 2022. This economic growth coincided with periods of both increasing and decreasing diversity. The most significant increase in median income occurred between 2020 and 2021, rising from $90,387 to $106,163, before slightly decreasing in 2022. The population has remained relatively stable, fluctuating between 1,300 and 1,500 residents.
The demographic trends in Maximo differ from national trends, which generally show increasing diversity in urban areas. While Maximo has maintained a White Majority, many comparable coastal neighborhoods have experienced more significant shifts towards diversity. The economic growth in Maximo surpasses national averages, with its median income increase of 24% over a decade exceeding typical U.S. income growth rates.
The stability in population size, despite rising incomes, may indicate limited housing expansion or redevelopment. This could influence the demographic composition by potentially limiting opportunities for new, more diverse residents to move in. The community appears to be evolving more in terms of affluence than racial composition, potentially reflecting broader trends of economic segregation in desirable urban areas.
In conclusion, Maximo has not transitioned to a new diversity category over the past decade but has experienced significant economic growth. The challenge for Maximo may be balancing its economic prosperity with opportunities for increased diversity and inclusivity.
