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Demographic Evolution of 17th Street Neighborhood: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The 17th Street Neighborhood Association in Sarasota, Florida, exhibits a Majority-Minority demographic profile as of 2022. The neighborhood has a population of 2,324 and a median income of $39,470. It is located near the 17th Street corridor, which is known for its mix of local businesses and community amenities.
Over the past decade, the 17th Street Neighborhood Association has undergone significant demographic changes. In 2013, the area displayed a Black Plurality, with 43% of the population identifying as Black. By 2022, the neighborhood had transitioned to a Majority-Minority status, with Black residents making up 43%, Hispanic residents 32%, and White residents 23% of the population.
This shift can be categorized as a Transitional Community, as evidenced by the steady increase in the Hispanic population from 22% in 2013 to 32% in 2022. The White population has remained relatively stable, fluctuating between 23% and 32% over the decade. The neighborhood has maintained Moderate Diversity throughout this period, with three racial groups consistently representing significant portions of the population.
The demographic shifts in the 17th Street Neighborhood Association have coincided with notable economic changes. The median income has shown a general upward trend, rising from $28,805 in 2013 to $39,470 in 2022, representing a 37% increase over the decade. This economic growth has occurred alongside the increasing diversity of the neighborhood.
The period of most rapid income growth (2013-2019) coincided with the most significant increases in Hispanic population and slight decreases in the Black population percentage. This suggests a possible correlation between the changing racial composition and economic development in the area.
The demographic trends observed in the 17th Street Neighborhood Association reflect broader patterns of increasing diversity seen in many urban areas across the United States. The growth of the Hispanic population, in particular, aligns with national trends of Hispanic population growth in many cities.
The economic improvement in the neighborhood, as evidenced by the rising median income, is notable, especially considering that it outpaced inflation during this period. However, the median income of $39,470 in 2022 still falls below the national median household income, which was approximately $70,784 in the same year. This suggests that while the neighborhood has experienced economic growth, it still faces economic challenges compared to national averages.
The transition to a Majority-Minority status and the maintenance of Moderate Diversity over the decade indicate that the 17th Street Neighborhood Association is evolving into a more multicultural community. This demographic shift, coupled with economic growth, may be reshaping local businesses, community services, and cultural dynamics in the area.
The 17th Street Neighborhood Association has undergone a significant demographic transformation over the past decade, transitioning from a Black Plurality to a Majority-Minority community with increasing Hispanic representation. This change has occurred alongside notable economic improvements, though challenges remain. The neighborhood's evolution reflects broader urban trends of increasing diversity and suggests a dynamic, changing community landscape in this part of Sarasota.
