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Demographics
Population
Median Income
Racial Distributions
Carrollwood, Florida, is classified as a "White Majority" community with moderate diversity as of 2022. The white population comprises 55% of the total, while Hispanic residents represent 32%. The city's median income is $68,499, within an area of 10.27 square miles.
Over the past decade, Carrollwood has gradually shifted from a more pronounced "White Majority" towards "Moderate Diversity." The white population decreased from 58% in 2013 to 55% in 2022, while the Hispanic population increased from 28% to 32%. The community shows signs of moving towards a "Transitional Community," supported by the increasing Hispanic representation and slight growth in the "Two or More Races" category from 1% to 3%.
The median income in Carrollwood has fluctuated, growing overall from $69,473 in 2013 to $68,499 in 2022. A significant increase to $80,238 occurred in 2021, followed by a sharp decline in 2022. This economic volatility coincides with gradual demographic shifts, suggesting a possible correlation between increasing diversity and economic changes.
The population has grown modestly from 34,094 in 2013 to 36,443 in 2022, indicating a stable community with gradual expansion. This growth, coupled with demographic shifts, may reflect changing economic opportunities attracting a more diverse population.
The trends observed in Carrollwood align with broader patterns seen in many suburban areas across the United States. The gradual increase in diversity, particularly in Hispanic population, is consistent with national demographic trends. The economic fluctuations, especially the sharp changes in 2021-2022, likely reflect the broader economic impacts of the COVID-19 pandemic and subsequent recovery efforts.
Based on observed trends, Carrollwood is likely to continue its transition towards greater diversity. If current patterns persist, the community may shift from a "White Majority" to a "Moderate Diversity" category within the next 5-10 years. The Hispanic population may continue to grow, potentially approaching or surpassing 35% of the total population.
Economically, if the community follows the pre-2022 trend, a recovery and stabilization of median income might occur. However, the recent volatility suggests caution in making definitive predictions.
Carrollwood is exhibiting characteristics of a "Transitional Community," gradually moving from a clear "White Majority" towards a more diverse demographic makeup. This transition is likely to continue, potentially reshaping the economic and social fabric of the community in the coming years.