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Demographics
Population
Median Income
Racial Distributions
Royal Palm Isles, a neighborhood in Oakland Park, Florida, has transitioned from a White Majority community to one of Moderate Diversity with a Hispanic Plurality over the past decade. The neighborhood has a population of 2,065 and a median income of $61,669 as of 2022. Royal Palm Isles is located near the Middle River.
From 2013 to 2022, Royal Palm Isles experienced significant changes in its racial composition. The Hispanic population increased from 18% to 35%, while the white population decreased from 70% to 44%. The black population fluctuated between 10% and 23% during this period. These demographic shifts reflect broader trends of increasing diversity in Florida and many parts of the United States.
The median income in Royal Palm Isles increased from $51,326 in 2013 to $61,669 in 2022, representing a growth of about 20%. This growth was not consistent, with a notable increase to $76,995 in 2021 before returning to previous levels in 2022. The rising median income appears to correlate with the increasing diversity of the neighborhood.
Population figures in Royal Palm Isles have remained relatively stable over the decade, fluctuating between 1,853 and 2,158 residents. The stability in population size, combined with increasing diversity and rising median income, may indicate that Royal Palm Isles is becoming an increasingly attractive location for a diverse range of residents.
The demographic changes in Royal Palm Isles align with national trends of growing diversity, particularly in urban and suburban areas. The economic growth experienced by the neighborhood is consistent with the overall economic recovery and growth seen in many parts of the country following the 2008 financial crisis. The sharp increase in median income in 2021 followed by a decrease in 2022 may reflect the economic volatility experienced nationwide due to the COVID-19 pandemic and its aftermath.
The transformation of Royal Palm Isles from a White Majority community to one of Moderate Diversity with a Hispanic Plurality has been accompanied by overall economic growth. This suggests that the neighborhood is adapting positively to these changes. Continued monitoring of these demographic and economic trends will be important to understand their impact on local services, community cohesion, and overall quality of life for residents.