Loading Content...
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Canalakes, a neighborhood in Greenacres, Florida, has undergone significant demographic changes from 2013 to 2022. The community transitioned from a White Majority to a Hispanic Majority during this period. As of 2022, Canalakes has a population of 1,946 and a median income of $43,589.
In 2013, Canalakes was categorized as a White Majority community, with 51% of the population identified as White. By 2018, it had become a Majority-Minority community, and by 2020, it transitioned to a Hispanic Majority area. The Hispanic population increased from 12% in 2013 to 55% in 2022. The Black population fluctuated, peaking at 33% in 2015 before declining to 20% by 2022. The Asian population remained between 3-9% throughout the period.
The demographic shifts in Canalakes were accompanied by fluctuations in median income. In 2013, the median income was $42,565. It peaked in 2018 at $47,735, coinciding with the transition to a Majority-Minority community. By 2022, the median income had decreased to $43,589, almost returning to its 2013 level.
The economic pattern suggests that the initial phase of demographic transition was associated with economic growth. The subsequent decline in median income might indicate challenges in maintaining this economic momentum as the community continued to change.
The demographic shifts observed in Canalakes align with broader trends seen across Florida and many parts of the United States, where Hispanic populations have been growing rapidly. The economic fluctuations in Canalakes diverge somewhat from national trends. While many areas saw consistent income growth over the past decade, Canalakes experienced a rise followed by a decline.
Canalakes exemplifies a community in transition, moving from a White Majority to a Hispanic Majority within a decade. This shift has been accompanied by economic fluctuations, highlighting the complex interplay between demographic change and economic outcomes in diverse, evolving communities.