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Demographic Stability and Economic Growth in Sun Terrace: A Study of Race and Income
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Sun Terrace, a neighborhood in Naples, Florida, is characterized by Low Diversity with a strong White Majority. As of 2022, the neighborhood has a population of 1,064 and a median income of $83,460. Sun Terrace is located near Naples Botanical Garden.
Over the past decade, Sun Terrace has maintained its status as a Low Diversity neighborhood with a White Majority. The white population has remained above 80% throughout the period, reaching 87% in 2022. The Hispanic population fluctuated between 7-10% over the decade. The Asian population maintained a small presence of 2-3% from 2013 to 2021, dropping to 0% in 2022. The Black population increased gradually from 1% in 2013 to 5% in 2022.
The economic landscape of Sun Terrace has seen significant changes over the past decade. The median income increased from $57,777 in 2013 to $83,460 in 2022, representing a 44.5% increase over nine years. There was a slight decrease in median income from $84,728 in 2020 to $78,587 in 2021, followed by a rebound to $83,460 in 2022. The population has fluctuated, with a peak of 1,436 in 2017 and a low of 1,032 in 2021.
Sun Terrace's demographic stability contrasts with national trends of growing diversity in metropolitan areas. The neighborhood's significant increase in median income aligns with broader trends of economic growth in affluent suburban areas. The slight increase in the Black population might reflect a wider trend of slow integration in predominantly white, affluent neighborhoods.
The economic growth in Sun Terrace, particularly the increase in median income, outpaces the national average. This suggests that the neighborhood has become increasingly desirable, potentially attracting high-income residents while maintaining its demographic character.
In conclusion, Sun Terrace has experienced minimal racial demographic shifts over the past decade, but has seen significant economic growth. This combination of demographic stability and economic prosperity distinguishes it from many neighborhoods experiencing more dramatic changes in both racial composition and economic status.
