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Demographic and Economic Trends in Wynwood - Edgewater: A Hispanic-Majority Neighborhood
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Wynwood - Edgewater, a neighborhood in Miami, Florida, is classified as "Majority-Minority" with a significant Hispanic presence. As of 2022, the area exhibits moderate diversity, with Hispanics comprising 65% of the population and Whites at 23%. The neighborhood's population increased from 15,332 in 2010 to 24,658 in 2022. Economically, the area improved, with median income rising from $52,211 in 2013 to $70,354 in 2022. Wynwood - Edgewater is recognized for its arts scene, with murals and street art contributing to its cultural richness.
Over the past decade, Wynwood - Edgewater has maintained its Majority-Minority status, with the Hispanic population consistently representing the largest demographic group. The Hispanic population grew from 61% in 2013 to 65% in 2022. The Black population decreased from 15% in 2013 to 7% in 2022. The Asian population grew from 1% to 3%, and those identifying as two or more races increased from 0% to 2%. The White population remained relatively stable at 20-23% throughout the decade.
The demographic changes coincided with economic improvements. The median income increased by about 35% from 2013 to 2022, from $52,211 to $70,354. The population grew by 60% from 2010 to 2022. Despite the overall upward trend, there were fluctuations, including a dip in 2020 followed by a sharp increase in 2021.
The changes in Wynwood - Edgewater reflect broader trends in urban areas across the United States. The rising incomes and changing demographics are consistent with gentrification patterns seen in many urban neighborhoods nationwide. The increase in the Hispanic population aligns with national trends, as the Hispanic population has been one of the fastest-growing demographic groups in the U.S. The neighborhood's transformation from a primarily industrial area to a cultural and residential hotspot mirrors similar urban revitalization efforts in other cities.
While median incomes have risen, the persistence of a significant Hispanic majority alongside rising property values may indicate growing income inequality within the neighborhood, a challenge faced by many rapidly developing urban areas. Wynwood - Edgewater has undergone a significant transformation over the past decade, evolving into a more affluent, predominantly Hispanic neighborhood while maintaining elements of diversity. This change reflects broader urban trends of gentrification and cultural evolution, presenting both opportunities and challenges for long-term residents and newcomers.
