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Demographics
Population
Median Income
Racial Distributions
The Oceanfront neighborhood in Miami Beach, Florida, exhibits a demographic profile characterized as a "Majority-Minority" community with a "Hispanic Majority." As of 2022, the Hispanic population comprises 54% of the area's residents, while the median income stands at $82,734. This coastal community is known for its beaches, art deco architecture, and tourism industry, which influences its demographic and economic landscape.
Over the past decade, Oceanfront has undergone a demographic transition. In 2013, the neighborhood was categorized as a "Moderate Diversity" area, with a Hispanic plurality (49%) and a substantial White population (41%). By 2016, it had shifted to a "Hispanic Majority" status, which it has maintained since then. This transition reflects a broader trend of increasing Hispanic population in South Florida.
The White population has declined from 41% in 2013 to 33% in 2022, while other racial groups have remained relatively stable with slight increases. The Black population grew from 3% to 5%, and the Asian population from 1% to 2% over this period. The "Two or More Races" category has grown from negligible levels to 5% in 2022, indicating an increasing trend towards multiracial identities.
The demographic shifts in Oceanfront have coincided with economic trends. The median income has shown overall growth, rising from $68,312 in 2013 to $82,734 in 2022, an increase of about 21%. This growth was not linear. There was a significant increase in median income between 2015 and 2016 (from $77,276 to $86,999), coinciding with the shift to a Hispanic Majority.
The population has fluctuated over the years, with no clear upward or downward trend. It peaked at 13,272 in 2015 and reached a low of 11,687 in 2019, before rebounding to 11,975 in 2022. These fluctuations could be attributed to various factors such as changes in housing availability, economic conditions, or climate-related concerns in this coastal area.
The demographic shifts observed in Oceanfront mirror broader trends seen across Miami-Dade County and much of South Florida. The region has experienced significant growth in its Hispanic population over the past few decades, driven by immigration and higher birth rates among Hispanic families.
The economic growth in Oceanfront, as evidenced by the rising median income, aligns with Miami Beach's reputation as an affluent area. The neighborhood's evolution towards greater diversity, particularly the growth in multiracial identities, reflects national trends. Across the United States, the multiracial population has been one of the fastest-growing demographic groups, as seen in the 2020 Census data.
Oceanfront's transition from a moderately diverse area to a Hispanic Majority, Majority-Minority community over the past decade reflects broader regional demographic shifts. This change has occurred alongside overall economic growth, though with some fluctuations in population. As the neighborhood continues to evolve, it will be important to monitor how these demographic and economic trends impact local culture, community cohesion, and equitable access to resources and opportunities.