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Demographic and Economic Trends in Buenaventura Lakes, Florida: A Hispanic Majority Community
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Buenaventura Lakes, Florida, is categorized as a Hispanic Majority community with a strong economic trajectory. As of 2022, the Hispanic population comprises 76% of the total. The city has experienced population growth and economic development over the past decade, with the median income rising from $43,939 in 2013 to $58,219 in 2022.
Over the past decade, Buenaventura Lakes has transitioned from a Majority-Minority community to a Hispanic Majority area. In 2013, the Hispanic population was 69%, and by 2022, it had grown to 76%. The white population has declined from 15% in 2013 to 10% in 2022, while the Black population has remained stable around 9-10%. The Asian population has increased slightly from 2% to 3% over the same period.
The demographic shift towards a Hispanic Majority has coincided with a significant increase in median income. From 2013 to 2022, the median income rose by approximately 32.5%, from $43,939 to $58,219. The population has grown from 29,577 in 2013 to 33,284 in 2022, an increase of about 12.5%. This growth, coupled with rising incomes, indicates a thriving community with increasing economic opportunities.
The growth of the Hispanic population in Buenaventura Lakes aligns with broader trends seen in many parts of Florida and the United States, where Hispanic communities are becoming increasingly prominent, especially in urban and suburban areas. The income growth observed in Buenaventura Lakes outpaces the national average over a similar period.
Based on the observed trends, it is likely that Buenaventura Lakes will continue to strengthen its position as a Hispanic Majority community. The steady increase in the Hispanic population percentage suggests this trend will continue, potentially reaching 80% or more in the coming years. Economically, if current trends persist, continued growth in median income can be expected. However, as the community becomes more established, the rate of increase may slow down.
Given the slight increase in the Asian population and the stable Black population, there is a possibility that Buenaventura Lakes could transition into a Moderate Diversity category within the Hispanic Majority framework. This would occur if these minority groups continue to grow, creating a more diverse mix within the predominantly Hispanic community.
Buenaventura Lakes presents an example of a rapidly evolving community, where demographic shifts are tied to economic growth and development. The transition to a Hispanic Majority has coincided with significant economic improvements, suggesting a positive outlook for the community's future.
