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Demographics
Population
Median Income
Racial Distributions
Providencia Park, a neighborhood in West Palm Beach, Florida, exhibits a White Majority demographic composition with a median income of $51,123 as of 2022. The neighborhood falls under the Moderate Diversity category, with representation from White (61%), Black (19%), and Hispanic (15%) populations. Providencia Park has seen population growth over the past decade, increasing from 709 residents in 2010 to 1,091 in 2022.
Over the past decade, Providencia Park has undergone demographic changes. In 2013, the neighborhood was categorized as a White Majority community with 64% white population. This majority status strengthened through 2017, peaking at 83% white, before declining to the current 61% in 2022. The neighborhood has transitioned from Low Diversity in the mid-2010s to its current Moderate Diversity status. This shift is primarily due to increases in Black and Hispanic populations, which grew from 7% and 8% respectively in 2017 to 19% and 15% in 2022.
The demographic shifts in Providencia Park have coincided with fluctuations in median income. From 2013 to 2018, as the white majority strengthened, median income rose from $46,173 to $69,386. However, as the community became more diverse from 2019 onwards, median income showed a general decline, reaching $51,123 in 2022. This correlation between increasing diversity and decreasing median income could suggest several factors at play, such as changing job markets, shifts in local industries, or broader economic trends affecting different demographic groups differently.
The trend towards increasing diversity in Providencia Park aligns with broader national patterns of growing diversity in urban and suburban areas. However, the associated decline in median income contrasts with some national trends where increased diversity often correlates with economic growth in urban areas.
The neighborhood's population growth of over 50% from 2010 to 2022 is notable, outpacing the national average population growth rate. This rapid growth could be a factor in the changing demographics and economic landscape, possibly reflecting broader migration patterns within Florida or the attraction of West Palm Beach to diverse populations.
Providencia Park exemplifies a community in transition, moving from a predominantly White, low-diversity area to a more diverse, moderate-diversity neighborhood. While this shift reflects national trends towards increasing diversity, the associated economic changes present a complex picture that may require further investigation into local economic factors and policies to fully understand and address.