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Demographics
Population
Median Income
Racial Distributions
Tampa Palms, a neighborhood in Tampa, Florida, currently exhibits a Moderate Diversity profile with a slight White Plurality. As of 2022, the neighborhood has a population of 28,879 and a median income of $72,523. Tampa Palms is known for its planned community design, featuring a mix of residential areas, parks, and commercial spaces, which has likely contributed to its evolving demographic makeup over the past decade.
In 2013, Tampa Palms was characterized as having a White Majority, with 59% of the population identifying as white. However, over the past decade, the neighborhood has undergone a significant transition. By 2022, the white population decreased to 47%, shifting the community from a White Majority to a White Plurality within a Moderate Diversity setting.
This transition is marked by steady increases in other racial groups. The Hispanic population grew from 13% in 2013 to 17% in 2022, while the Black population increased from 14% to 16%. The Asian population also saw growth, rising from 10% to 14%. The most notable increase was in the Two or More Races category, which tripled from 2% to 6% over the decade.
These shifts indicate that Tampa Palms has become a Transitional Community, moving towards increased diversity. The consistent growth in multiple racial categories suggests a trend of increasing inclusivity and multicultural representation in the neighborhood.
The demographic shifts in Tampa Palms have occurred alongside fluctuations in median income. From 2013 to 2022, the median income increased from $71,925 to $72,523, a modest 0.8% growth. However, this overall trend masks significant year-to-year variations.
Notably, there was a substantial decrease in median income from $72,763 in 2016 to $61,580 in 2017, coinciding with a marked increase in Hispanic and overall minority populations. This could suggest an influx of more diverse, potentially younger families or professionals into the area, possibly attracted by relatively more affordable housing options compared to other parts of Tampa.
The subsequent years saw a recovery and eventual surpassing of the 2016 income levels, reaching a peak of $77,055 in 2021 before slightly declining in 2022. This recovery period aligns with continued diversification, indicating that the neighborhood has managed to maintain its economic status while becoming more inclusive.
The demographic shifts observed in Tampa Palms mirror broader trends seen across many American suburbs. The increasing diversity, particularly the growth in Hispanic, Asian, and multiracial populations, is consistent with national demographic trends. According to the 2020 U.S. Census, the multiracial population in the United States grew by 276% between 2010 and 2020, which aligns with the significant increase in the Two or More Races category in Tampa Palms.
The neighborhood's economic resilience, maintaining a relatively stable median income despite demographic changes, is noteworthy. This suggests that Tampa Palms has been successful in attracting a diverse range of middle to upper-middle-class residents, potentially benefiting from Tampa's growing economy and reputation as a desirable location for businesses and families.
Tampa Palms exemplifies a Transitional Community that has evolved from a White Majority to a Moderate Diversity profile with a White Plurality over the past decade. This transition has been accompanied by economic fluctuations but overall stability, positioning the neighborhood as an increasingly diverse and economically resilient part of Tampa's urban landscape.