Loading Content...
Demographic Evolution of Lake Terrace: From White Majority to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Lake Terrace, a neighborhood in Orlando, Florida, has transitioned from a Low Diversity, White Majority community to one of Moderate Diversity with a White Plurality. As of 2022, the white population comprises 59% of residents, with Hispanics representing 29%. This demographic shift occurred between 2013 and 2022. Lake Terrace is located near Lake Ivanhoe.
From 2013 to 2022, Lake Terrace underwent a demographic transition. In 2013, the neighborhood was categorized as Low Diversity, with the white population at 71%. Over time, this percentage decreased while the Hispanic population grew. A significant shift occurred between 2019 and 2020, when the community changed from a White Majority to a Transitional Community. The Hispanic population increased from 24% to 37%, while the white population decreased from 64% to 54%.
The demographic changes in Lake Terrace were accompanied by fluctuations in median income. From 2013 to 2021, median income generally increased from $43,829 to $61,175. However, in 2022, there was a significant drop to $50,716, despite continued population growth. This decline could be attributed to various factors, including the economic impacts of the COVID-19 pandemic or changes in the local job market.
The demographic shifts observed in Lake Terrace align with broader trends seen in many urban areas across the United States. The increase in Hispanic population reflects the growing Hispanic presence in Florida and the nation. According to the U.S. Census Bureau, the Hispanic population in Florida grew by 34.9% between 2010 and 2020, faster than the national average.
The neighborhood's transition towards greater diversity is consistent with national trends towards increasing racial and ethnic diversity in urban areas. However, the recent drop in median income contrasts with the general trend of income growth seen in many U.S. cities, suggesting that Lake Terrace may be facing unique local economic challenges.
Lake Terrace's evolution from a Low Diversity, White Majority community to one of Moderate Diversity with a significant Hispanic presence reflects broader demographic shifts occurring across the United States. The economic fluctuations, particularly the recent downturn, warrant further investigation into local factors that may be impacting the neighborhood's financial well-being. Monitoring these demographic and economic trends will be crucial for understanding the changing needs and dynamics of this Orlando community.
