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Demographic and Economic Trends in Fort Pierce North: A Study of Racial Composition and Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
Fort Pierce North, located in Florida, exhibits a Black Majority demographic profile with a median income of $36,347 as of 2022. The neighborhood has shown signs of transitioning towards a Majority-Minority community over the past decade, with increasing diversity and economic fluctuations. Fort Pierce North is known for its proximity to the Indian River Lagoon, which influences local ecology and potentially impacts economic opportunities in the area.
In 2013, Fort Pierce North was categorized as a Black Majority community, with 65% of the population identifying as Black. Over the decade, this majority has gradually decreased, reaching 55% in 2022. This shift indicates a trend towards increased diversity, though the community still maintains a Black Majority status. The Hispanic population has shown the most significant growth, increasing from 9% in 2013 to 22% in 2022. This substantial rise suggests that Fort Pierce North is transitioning towards a Majority-Minority community. The White population has remained relatively stable, fluctuating between 18% and 25% over the decade.
The community has also seen a slight increase in residents identifying as two or more races, rising from 1% to 3% by 2022, further contributing to the area's growing diversity. The median income in Fort Pierce North has shown considerable volatility over the past decade. Starting from $26,648 in 2013, it reached its lowest point of $23,083 in 2014 before experiencing a general upward trend. The most significant increase occurred between 2018 and 2020, with median income rising from $31,910 to $40,310. However, there was a subsequent decline to $36,347 by 2022.
This economic fluctuation appears to correlate with the demographic shifts. As the community became more diverse, particularly with the increase in Hispanic population, there was a general trend of rising median income. This could suggest that the influx of new residents might have brought economic opportunities or reflected broader economic changes in the area.
The demographic shifts observed in Fort Pierce North align with broader national trends of increasing diversity in many urban and suburban areas. The growth of the Hispanic population, in particular, mirrors similar patterns seen in many parts of Florida and the broader Southeastern United States. The economic volatility experienced by Fort Pierce North, including the sharp rise and subsequent decline in median income between 2018 and 2022, may reflect broader economic challenges faced by many communities during this period, including the impacts of the COVID-19 pandemic.
The community's median income of $36,347 in 2022 remains significantly below the national median household income, which was approximately $70,784 in the same year. This disparity suggests that despite some economic improvements, Fort Pierce North continues to face economic challenges compared to national averages. Fort Pierce North is undergoing a gradual transition from a predominantly Black Majority community towards a more diverse, potentially Majority-Minority status. This demographic evolution has been accompanied by fluctuating economic conditions, with periods of growth followed by recent declines. These changes likely reflect and contribute to shifting social dynamics, economic opportunities, and challenges within the community.
