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Demographic Transition in Loretto: From White Majority to Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Loretto, a neighborhood in Jacksonville, Florida, exhibits a distinct demographic profile as of 2022. The community is classified as "White Majority," with 66% of the population identifying as white. This majority has been decreasing over the past decade, indicating a trend towards increasing diversity. The neighborhood's median income in 2022 was $56,125, suggesting a moderate economic status. Loretto is known for its proximity to the Bolles School, an independent college preparatory school.
Over the past decade, Loretto has transitioned from a "Low Diversity" community to one approaching "Moderate Diversity." In 2013, 81% of the population identified as white, decreasing to 66% by 2022. The Hispanic population has grown from 8% in 2013 to 13% in 2022. The percentage of residents identifying as two or more races increased from 1% to 8% during the same period. These trends suggest that Loretto is becoming a "Transitional Community" with increasing racial diversity.
The median income in Loretto has shown volatility over the past decade. From 2013 to 2022, it increased from $50,184 to $56,125, representing an 11.8% growth. This growth was not linear, with a significant income spike in 2021 reaching $62,792 before dropping in 2022. Periods of higher income appear to correlate with increased diversity, suggesting that the influx of diverse populations might contribute to economic growth in the area.
The demographic shifts in Loretto align with broader national trends towards increasing diversity in suburban areas. Many U.S. suburbs have experienced similar transitions from predominantly white communities to more diverse neighborhoods over the past two decades. Loretto's economic fluctuations are somewhat unique, as many U.S. neighborhoods have seen steady income growth over the past decade.
The growth in the Hispanic population in Loretto is consistent with national trends, as the Hispanic population has been one of the fastest-growing demographic groups in the U.S. The significant increase in residents identifying as two or more races exceeds national averages, potentially indicating a uniquely diverse and mixed community developing in Loretto.
Loretto is undergoing a significant demographic transition, moving from a low-diversity, predominantly white community towards a more diverse, multicultural neighborhood. This shift, coupled with fluctuating but generally increasing income levels, suggests a dynamic period of change for the area. These demographic shifts may influence local culture, community dynamics, and economic development in the coming years.
