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Demographic Transitions in Eastwood Oaks: A Study of Racial Diversity and Economic Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Eastwood Oaks, a neighborhood in Sarasota, Florida, exhibits moderate diversity with a white majority as of 2022. The community has a population of 1,591 and a median income of $55,520. Eastwood Oaks has a relatively small population size compared to many urban neighborhoods.
Over the past decade, Eastwood Oaks has undergone a significant transformation in its racial composition. In 2013, the neighborhood had low diversity, with a white majority of 71%. By 2022, the community transitioned to moderate diversity, maintaining a white majority of 55%.
The most notable shifts include a decline in the white population percentage from 71% in 2013 to 55% in 2022, an increase in the Hispanic population from 25% in 2013 to 29% in 2022, a rise in the Black population from 3% in 2013 to 15% in 2022, and the emergence of a small multi-racial population of 2% in 2022.
The median income in Eastwood Oaks has shown an overall upward trend with fluctuations. It rose from $49,341 in 2013 to a peak of $73,004 in 2021, followed by a drop to $55,520 in 2022. This economic trajectory coincides with the period of increasing diversity.
The trends observed in Eastwood Oaks align with broader national patterns of increasing diversity in urban and suburban areas. Many U.S. cities have experienced similar transitions, with traditionally white-majority neighborhoods becoming more diverse over time.
The neighborhood's population has fluctuated, peaking at 2,313 in 2019 before declining to 1,591 in 2022. This population decrease, coupled with the income drop and increasing diversity, could indicate a period of transition in the neighborhood's socio-economic makeup.
Eastwood Oaks exemplifies a community in transition, moving from low diversity to moderate diversity over the past decade. This shift towards greater racial diversity, combined with economic fluctuations, suggests a dynamic period of change for the neighborhood.
