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Demographics
Population
Median Income
Racial Distributions
Palmetto Park, a neighborhood in St. Petersburg, Florida, is classified as a "Black Majority" community with 63% of its population identifying as Black in 2022. The neighborhood has experienced significant demographic and economic changes over the past decade. Median income in Palmetto Park increased from $31,803 in 2019 to $40,419 in 2022, indicating ongoing economic shifts. The neighborhood is located within St. Petersburg, a city known for its arts scene and waterfront attractions.
Over the past decade, Palmetto Park has undergone a transition in its racial composition. In 2013, the neighborhood was categorized as "Low Diversity" with a Black majority of 87%. By 2018, it shifted to a "Black Majority" status with 50% Black population, nearing "Moderate Diversity" as the White population increased. From 2018 to 2022, the neighborhood maintained its "Black Majority" status but experienced fluctuations. The Black population percentage increased to 68% in 2021 before decreasing to 63% in 2022, suggesting characteristics of a "Transitional Community".
The White population in Palmetto Park increased from 8% in 2013 to 47% in 2018, before declining to 27% in 2022. The Hispanic population, while small, grew from 1% in 2020 to 7% in 2022, further supporting the "Transitional Community" classification. These demographic shifts correlate with changes in median income. As the neighborhood moved from "Low Diversity" to "Black Majority" and showed signs of increasing diversity, median income generally trended upward, with fluctuations.
From 2013 to 2016, as the White population increased and diversity grew, median income rose from $25,062 to $44,000. It then dropped to $26,479 in 2018 when the neighborhood was at its most diverse point in the decade. Since 2018, as the Black majority reasserted itself but with increased diversity compared to 2013, income has shown an overall upward trend, reaching $40,419 in 2022. The population has fluctuated over the years, peaking at 2,145 in 2015 and settling at 1,369 in 2022.
The demographic changes in Palmetto Park reflect broader trends seen in many urban areas across the United States, where historically segregated neighborhoods are experiencing increased diversity. The recent re-consolidation of a Black majority, albeit with increased diversity compared to a decade ago, is somewhat unique. The significant income growth, particularly from 2019 to 2022, outpaces national trends and may indicate localized economic development or changing resident profiles.
The fluctuations in racial composition and income levels suggest that Palmetto Park may be experiencing gentrification pressures, a common phenomenon in many U.S. cities. However, the maintenance of a Black majority indicates a level of community resilience in the face of these changes. Palmetto Park exemplifies a neighborhood in transition, balancing demographic shifts with economic changes. Its evolution from a highly homogeneous community to one with increasing diversity, while maintaining a Black majority, presents both opportunities and challenges for community cohesion and economic development.