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Demographics
Population
Median Income
Racial Distributions
Ridgewood Park, a neighborhood in Tampa, Florida, has experienced significant demographic changes from 2013 to 2022. The neighborhood transitioned from a predominantly Black community to one of moderate diversity. As of 2022, Ridgewood Park has a population of 469 residents and a median income of $52,226.
In 2013, Ridgewood Park had a Black majority, with 59% of the population identifying as Black. By 2022, this percentage decreased to 32%. Concurrently, the White population increased from 21% to 37%, and the Hispanic population grew from 19% to 26%. This shift resulted in a more balanced distribution among White, Black, and Hispanic residents, with a slight White plurality.
The demographic changes coincided with substantial economic shifts. The median income rose from $31,416 in 2013 to $52,226 in 2022, with a peak of $78,172 in 2021. This increase in median income, coupled with the changes in racial composition, suggests a trend of gentrification in the neighborhood.
The population of Ridgewood Park grew modestly from 432 in 2013 to 469 in 2022. This slight population growth, combined with the significant income increase and racial composition changes, indicates a likely influx of higher-income residents, particularly White and Hispanic, potentially displacing some of the original Black residents.
The changes observed in Ridgewood Park reflect broader trends seen in many urban areas across the United States. The process of gentrification, characterized by an influx of higher-income residents and changes in racial composition, is a common phenomenon in many cities. This trend often leads to increased property values and improved local amenities but can also result in the displacement of long-term, lower-income residents.
The increase in Hispanic population in Ridgewood Park aligns with national trends, as the Hispanic population has been growing across many parts of the country. The shift towards greater diversity in the neighborhood is consistent with many urban areas becoming more multicultural over time.
The rapid increase in median income, particularly the spike to $78,172 in 2021, is notable and may warrant further investigation. Such a sharp increase could be due to specific local factors, such as new development projects or changes in local employment opportunities.
Ridgewood Park has transformed from a predominantly Black community to a more diverse neighborhood with a slight White plurality over the past decade. This demographic shift has been accompanied by significant economic changes, suggesting a process of gentrification. These changes have increased the area's diversity and economic status, but may also present challenges related to community cohesion and affordability for long-term residents.