Loading Content...
Demographic Transition in Sunset Lake Estates: Analysis of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Sunset Lake Estates Homeowners Association in Clearwater, Florida, exhibits moderate diversity with a transitional community profile as of 2022. The neighborhood has a white plurality of 48%, with Hispanic and Black populations at 24% and 19% respectively. The median income in 2022 was $46,824, placing the area in a lower-middle-income bracket. The neighborhood's proximity to Clearwater Beach may influence its demographic makeup and economic trends.
Over the past decade, Sunset Lake Estates has transformed from a white majority community to one of increasing diversity. In 2013, the neighborhood had a white majority of 68%. By 2017, it had become a majority-minority community, with the white population decreasing to 50%. The Hispanic population has shown the most significant increase, rising from 11% in 2013 to 24% in 2022. The Asian population, while small, has grown from 2% in 2013 to 8% in 2022.
The demographic shifts correlate with fluctuations in median income. An initial increase in median income from $45,991 in 2013 to $50,667 in 2014 was followed by a general downward trend until 2020, when the median income dropped to $45,435. A significant spike to $52,663 occurred in 2021, coinciding with a slight increase in the white population percentage. This was followed by a decrease to $46,824 in 2022, aligning with further diversification.
The demographic shifts observed in Sunset Lake Estates reflect broader trends seen across many urban and suburban areas in the United States, particularly in Florida. The increasing Hispanic population is consistent with national trends, as the Hispanic community has been one of the fastest-growing demographic groups in the country.
The economic fluctuations, particularly the dip and recovery in median income, may reflect broader economic trends such as the recovery from the 2008 financial crisis and the impacts of the COVID-19 pandemic. The spike in 2021 could be related to pandemic-related economic stimuli or shifts in the local job market.
Sunset Lake Estates Homeowners Association has transitioned from a white majority community to a moderately diverse, transitional community over the past decade. This shift has been accompanied by economic fluctuations, suggesting a complex interplay between demographic changes and economic factors. The community's evolution will likely continue to impact the local social and economic landscape.
