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Demographic and Economic Trends in Parker Ridge: A Hispanic Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Parker Ridge, a neighborhood in West Palm Beach, Florida, is characterized as a Hispanic Majority community with moderate economic growth. As of 2022, the neighborhood has a population of 3,603 and a median income of $46,785. The area is categorized as Low Diversity, with Hispanic residents comprising 62% of the population.
Over the past decade, Parker Ridge has undergone a demographic transformation. In 2013, the neighborhood was categorized as a Hispanic Majority community with 67% Hispanic population. While it has maintained this status, there have been shifts within this categorization. The Hispanic share decreased from 67% in 2013 to 62% in 2022. The white population increased from 31% in 2013 to 35% in 2022. The black population temporarily increased, peaking at 7% in 2017-2018, before declining to 1% by 2022. A small Asian community emerged, reaching 2% by 2022.
The economic landscape of Parker Ridge has improved over the decade. There has been a significant increase in median income, rising from $34,446 in 2013 to $46,785 in 2022, representing a 35.8% growth. The neighborhood experienced income fluctuations, with a notable spike to $65,422 in 2021, followed by a decrease in 2022. The population has remained relatively stable, with a slight decrease from 4,430 in 2013 to 3,603 in 2022.
The demographic trends in Parker Ridge align with broader patterns observed in many urban areas across the United States. The sustained Hispanic majority in Parker Ridge reflects the growing Hispanic population in Florida and the broader Sunbelt region. The slight increase in diversity, particularly the growth in Asian population, mirrors national trends of increasing racial and ethnic diversity in urban areas. The substantial increase in median income over the decade outpaces the national average, suggesting that Parker Ridge has experienced stronger economic growth than many other communities. The income spike in 2021 followed by a decrease in 2022 is consistent with national patterns related to pandemic relief efforts and subsequent economic adjustments.
Parker Ridge has maintained its character as a Hispanic Majority community while showing signs of increasing diversity and experiencing significant economic growth. These trends suggest a neighborhood in transition, balancing cultural preservation with gradual diversification and economic development. The community's ability to maintain population stability while increasing median income indicates a potentially improving quality of life for residents, though challenges related to income volatility and demographic changes may require ongoing community adaptation and policy attention.
