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Demographics
Population
Median Income
Racial Distributions
Imperial Cove Condominium Association in Clearwater, Florida, exhibits demographic changes from 2013 to 2022. The neighborhood is categorized as having "Low Diversity" with a white majority of 68% in 2022. The median income in 2022 was $41,309, showing a decrease from previous years. Imperial Cove features waterfront condominiums that attract retirees and seasonal residents.
Over the past decade, Imperial Cove has experienced changes in its racial composition. In 2013, the neighborhood had "Low Diversity" with an 86% white majority. This classification continued through 2017. From 2018 onwards, a gradual shift towards increased diversity occurred, although still within the "Low Diversity" category. The "Two or More Races" category increased from 1% in 2013 to 24% in 2022, indicating a transition towards a more mixed-race community. The white population decreased from 86% in 2013 to 68% in 2022.
The median income in Imperial Cove has fluctuated over the years. It reached a peak of $57,552 in 2016 and subsequently declined to $41,309 in 2022. This decrease in median income coincides with the increasing racial diversity. The population has also changed, increasing from 770 in 2020 to 1,147 in 2022. This population growth, combined with decreasing median income, may indicate an influx of lower-income residents or a change in the economic status of existing residents.
The demographic shifts in Imperial Cove align with national trends of increasing racial diversity, particularly the growth in multiracial populations. The 2020 U.S. Census reported a 276% growth in the multiracial population between 2010 and 2020, which corresponds with the increase in the "Two or More Races" category in Imperial Cove. However, the economic trends in Imperial Cove differ from national patterns. While the U.S. median household income has generally increased over the past decade, reaching $67,521 in 2020, Imperial Cove has experienced a decline.
Imperial Cove Condominium Association represents a community in transition. It remains categorized as having "Low Diversity" but shows signs of increasing racial diversity. This demographic shift, along with fluctuating economic indicators, suggests a changing community profile. These changes may have implications for local services, community cohesion, and future development plans. The characteristics of this waterfront condominium community, influenced by retiree and seasonal resident populations, add complexity to these demographic and economic trends.