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Demographic Composition and Racial Trends in The Island Neighborhood, Venice, Florida
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The Island neighborhood in Venice, Florida, is characterized as a Low Diversity community with a White Majority. As of 2022, the white population constitutes 88% of the total, with a median income of $72,832. The neighborhood is situated in a coastal area known for its beaches and historic downtown, attracting retirees and tourists.
Over the past decade, The Island has maintained its status as a Low Diversity, White Majority community. However, minor changes in demographic composition have been observed. The white population decreased from 95% in 2017 to 88% in 2022. Concurrently, the Hispanic population increased from 1% in 2017 to 7% in 2022, and the population identifying as two or more races increased from 0% in 2017 to 3% in 2022. These changes suggest the beginning of a Transitional Community trend, albeit at a slow pace.
The median income in The Island has shown an upward trend. In 2013, it was $58,209, increasing to $64,366 in 2017, and reaching $72,832 in 2022. This represents a 25% increase in median income over a decade. The economic growth appears to correlate with the subtle demographic shifts, possibly indicating that the increasing diversity is linked to an influx of affluent Hispanic and multiracial residents.
Population figures in The Island have remained relatively stable with minor fluctuations. In 2013, the population was 12,092, decreasing to 10,890 in 2017, and then increasing to 11,745 in 2022. The slight population increase in recent years, combined with rising incomes and increasing diversity, suggests that The Island is attracting new residents from diverse backgrounds while maintaining its overall affluent character.
The demographic trends in The Island reflect broader national patterns of increasing diversity, but at a much slower pace. While many urban areas across the U.S. have experienced rapid diversification, The Island's changes are more gradual. This is likely due to its established character as a predominantly white, affluent retirement and tourist destination.
The economic growth in The Island outpaces the national average, with its median income significantly higher than the U.S. median household income, which was approximately $70,784 in 2021. This suggests that The Island remains an attractive location for wealthy individuals and families, potentially limiting the pace of diversification due to high housing costs.
The Island remains a Low Diversity, White Majority community. However, subtle demographic shifts and strong economic growth indicate the potential for gradual change. The neighborhood appears to be in the early stages of a transition towards greater diversity, driven by affluent new residents from Hispanic and multiracial backgrounds. The pace of this change is slow compared to national trends, reflecting the neighborhood's established character and high economic barriers to entry.
