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Demographic and Racial Composition Analysis of Wildwood, Florida
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Wildwood, Florida, has experienced demographic and economic changes over the past decade. As of 2022, the city has a "White Majority" with 77% of the population identifying as white. This represents a shift from previous years, indicating a trend towards increasing diversity. The city's current median income is $55,591 and the population is 45,576.
Over the past decade, Wildwood has transitioned from "Low Diversity" to approaching "Moderate Diversity." In 2013, the white population was 80% of the total. By 2022, this percentage decreased to 77%, while other racial groups, particularly Hispanic and Asian populations, increased. This trend suggests Wildwood is becoming a "Transitional Community," gradually moving towards greater diversity.
The Black population has remained relatively stable, fluctuating between 8% and 13% over the decade. The Hispanic population has shown consistent growth, increasing from 5% in 2013 to 7% in 2022. The Asian population has grown from 0% to 2% during this period.
The city's median income has increased from $52,406 in 2013 to $55,591 in 2022, representing a 6.1% increase over nine years. This growth has not kept pace with inflation, suggesting a potential decline in real purchasing power for residents. The population has more than doubled from 22,276 in 2013 to 45,576 in 2022, indicating rapid growth.
Wildwood's demographic shifts align with broader national trends of increasing diversity in suburban and rural areas. The city's rapid population growth outpaces many similar-sized communities, potentially presenting unique challenges and opportunities for local infrastructure and services.
Based on observed trends, Wildwood is likely to continue its trajectory towards greater diversity. If current patterns persist, the community may transition from a "White Majority" to a "Moderate Diversity" category within the next decade. The Hispanic and Asian populations are expected to continue growing, potentially reaching significant minority status.
Economically, the rapid population growth may affect local resources and housing, potentially impacting median income levels. If the city can capitalize on this growth to attract diverse industries and investment, it could see an increase in median income. However, if growth outpaces economic development, there is a risk of stagnating or declining real incomes.
Wildwood is in a period of significant demographic transition, moving from a predominantly white, low-diversity community to one with increasing racial and ethnic diversity. This shift, coupled with rapid population growth, presents both challenges and opportunities for economic development and community cohesion in the coming years.
