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Demographic Changes in Terrace Park: White Plurality and Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Terrace Park, a neighborhood in Tampa, Florida, demonstrates characteristics of a Moderate Diversity community with a transitional demographic profile. As of 2022, the area has a population of 18,996 and a median income of $25,114. Terrace Park is located near the University of South Florida.
Over the past decade, Terrace Park has undergone demographic changes, transitioning from a community with a White Plurality in 2013 to a more diverse neighborhood by 2022. In 2013, the neighborhood showed a White Plurality (40% white), with significant Black (29%) and Hispanic (24%) populations. By 2022, the community had shifted to a Moderate Diversity classification, with White (42%), Hispanic (28%), and Black (21%) populations each representing substantial portions of the community.
The most notable shifts include a slight increase in the White population percentage, a decrease in the Black population percentage, an increase in the Hispanic population percentage, and a steady growth in the Asian population, from 3% in 2013 to 6% in 2022. These changes suggest a Transitional Community, with increasing diversity over time, particularly in the growth of Hispanic and Asian populations.
The demographic shifts in Terrace Park have occurred alongside fluctuations in median income. In 2013, the median income was $29,622, which declined to $25,114 by 2022, representing a decrease of about 15%. The population has grown from 15,842 in 2013 to 18,996 in 2022, an increase of about 20%. This population growth, coupled with declining median income, suggests that while the area is attracting new residents, it may be experiencing economic challenges or a shift towards lower-paying jobs.
The demographic changes in Terrace Park align with broader national trends of increasing diversity in urban areas. However, the decline in median income contrasts with many urban areas that have seen gentrification and rising incomes. The proximity to the University of South Florida might explain some of these trends, as university neighborhoods often attract diverse populations but can also experience economic pressures due to a high proportion of student residents.
Nationally, the Hispanic population has been growing in many urban areas, which aligns with the trends seen in Terrace Park. The slight increase in the White population percentage, however, goes against the trend of "white flight" seen in some urban areas, suggesting that Terrace Park may be maintaining its appeal to a diverse range of residents.
Terrace Park exemplifies a neighborhood in transition, moving towards greater diversity while facing economic challenges. These changes likely reflect broader shifts in Tampa's urban landscape and could have significant implications for local services, community dynamics, and future development plans.
