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Demographic Trends in Cardinal Oaks: A Study of Racial Composition and Economic Status
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Cardinal Oaks, a neighborhood in Lake Mary, Florida, is characterized as a White Majority community with moderate diversity. As of 2022, the white population comprises 65% of residents, with Hispanic (21%) and Black (8%) populations representing significant minorities. The neighborhood has a median income of $84,598, indicating an upper-middle-class economic status. Cardinal Oaks has maintained a stable population size of approximately 4,000-5,000 residents over the past decade.
Over the past decade, Cardinal Oaks has maintained its status as a White Majority community, with subtle shifts towards increased diversity. The Hispanic population has grown from 17% in 2015 to 21% in 2022. The percentage of residents identifying as two or more races has increased from 1% in 2013 to 6% in 2022. The Black population has remained relatively stable, fluctuating between 5-10% over the years.
The economic landscape of Cardinal Oaks has shown positive growth over the past decade. The median income has increased from $72,844 in 2013 to $84,598 in 2022, representing a 16% growth over nine years. The neighborhood experienced a peak in median income in 2018 at $87,893, followed by a slight decrease and subsequent stabilization.
The economic trends correlate with the demographic shifts in several ways. The increasing Hispanic population coincides with the overall income growth, suggesting that new Hispanic residents may be contributing to the neighborhood's economic prosperity. The stability in the Black population percentage, coupled with rising incomes, may indicate improved economic opportunities for this demographic group within the community.
The income growth in Cardinal Oaks aligns with broader national trends of economic recovery and growth following the 2008 recession. The gradual increase in diversity, particularly in Hispanic and multiracial populations, reflects wider demographic shifts seen across many U.S. suburbs. The neighborhood's median income of $84,598 in 2022 is higher than the national median household income, which was around $70,784 in 2021, indicating that Cardinal Oaks is a relatively affluent community.
Cardinal Oaks remains a White Majority community but shows signs of a gradual transition towards greater diversity. This demographic evolution, coupled with steady economic growth, suggests a dynamic and prosperous neighborhood that is slowly adapting to broader societal changes while maintaining its established character.
