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Demographic Transition and Racial Composition in Keystone Point, North Miami: A Study of Hispanic Growth and Economic Resilience
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Keystone Point, a neighborhood in North Miami, Florida, exhibits moderate diversity with a significant Hispanic plurality. As of 2022, the neighborhood has a population of 2,862 and a median income of $128,567, indicating an affluent suburban area. Keystone Point is characterized by waterfront properties and a canal system.
Over the past decade, Keystone Point has undergone a transition in its racial composition. In 2013, the neighborhood had a White Plurality with 47% white residents and 41% Hispanic residents. By 2018, it shifted to a Hispanic Plurality with 53% Hispanic residents, maintaining this status through 2022 with 49% Hispanic representation. This transition indicates a Transitional Community status, with a trend towards increasing Hispanic representation.
The Asian population in Keystone Point has fluctuated, peaking at 13% in 2014 but decreasing to 3% by 2022. The Black population has remained relatively stable at around 2-3% throughout the decade. A small but growing Two or More Races category (2% in 2022) further supports the Transitional Community classification.
The demographic shifts in Keystone Point have coincided with fluctuations in median income. From 2013 to 2017, there was an increase in median income from $94,715 to $128,128, aligning with the transition from a White Plurality to a Hispanic Plurality. This suggests that the incoming Hispanic population was likely affluent.
There was a decline in median income in 2020 and 2021, dropping to $62,858 in 2021, which could be attributed to the economic impacts of the COVID-19 pandemic. The median income rebounded in 2022 to $128,567, returning to pre-pandemic levels. This resilience might indicate a strong economic foundation in the community.
The demographic shift in Keystone Point reflects broader trends in South Florida, where Hispanic populations have been growing significantly. Keystone Point's high median income sets it apart from many other areas experiencing similar demographic changes. The neighborhood's ability to maintain its affluence during this transition suggests a dynamic where ethnic change and economic prosperity are not mutually exclusive.
The income fluctuations during the pandemic years (2020-2022) were pronounced in Keystone Point compared to national averages, indicating both a vulnerability to economic shocks and a capacity for quick recovery. This could be due to the neighborhood's reliance on industries particularly affected by the pandemic, such as tourism or real estate.
Keystone Point presents a case of a Transitional Community that has maintained its economic status while undergoing demographic changes. The neighborhood's evolution from a White Plurality to a Hispanic Plurality, coupled with its economic resilience, illustrates a dynamic, affluent suburb adapting to changing demographics while preserving its desirable status.
