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Demographic Shifts in Lake Bonny Park: Analysis of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Lake Bonny Park in Lakeland, Florida, exhibits a demographic profile classified as "Moderate Diversity" as of 2022. The neighborhood's racial composition consists of 47% white and 32% Black residents. The median income in 2022 was $40,459, indicative of a working-class neighborhood. Lake Bonny Park is characterized by its lakeside location and recreational amenities.
Over the past decade, Lake Bonny Park has experienced significant changes in its racial composition. In 2013, the neighborhood was categorized as "White Majority" with 62% of the population identifying as white. By 2022, this shifted to "Moderate Diversity" with no single racial group holding a majority. The most notable change was the increase in the Black population from 11% in 2013 to 32% in 2022. The Hispanic population has maintained a consistent presence of 20-25% throughout most of the decade. The Asian population increased from 0% in 2013 to 2% in 2022.
The economic landscape of Lake Bonny Park has improved significantly. The median income increased from $26,521 in 2013 to $40,459 in 2022, representing a rise of over 50%. This economic growth coincides with the neighborhood's increasing diversity. The population has fluctuated, peaking at 681 in 2015, dropping to 430 in 2020, and rebounding to 554 in 2022.
The demographic shifts observed in Lake Bonny Park align with broader trends seen in many urban and suburban areas across the United States. The increase in diversity, particularly the growth of the Black and Hispanic populations, reflects national trends of increasing minority populations in previously predominantly white areas.
The economic improvement in Lake Bonny Park occurred during a period of significant national economic challenges, including the COVID-19 pandemic. This suggests that the neighborhood may have some resilience or unique factors contributing to its economic growth.
Lake Bonny Park has evolved from a predominantly white community to one of moderate diversity over the past decade. This demographic shift has been accompanied by significant economic improvement, as evidenced by the rising median income. These changes reflect broader national trends towards increased diversity in urban and suburban areas, while also suggesting that Lake Bonny Park may have unique attributes contributing to its economic resilience and attractiveness to a diverse population.
