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Demographic Analysis of Indian River Estates: A Low Diversity Neighborhood with Gradual Racial Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Indian River Estates, a Florida neighborhood, exhibits a Low Diversity demographic profile with a White Majority. The community's population in 2022 was 11,536, with a median income of $56,066. Its suburban nature and proximity to the Indian River Lagoon likely influence its demographic composition and economic trends.
Over the past decade, Indian River Estates has maintained its Low Diversity status with a White Majority. However, subtle shifts indicate a gradual transition towards increased diversity. The White population declined from 88% in 2014 to 79% in 2022. The Hispanic population increased from 5% to 8%, and the Black population rose from 3% to 5%. The Asian population remained relatively stable between 0-2%, while the population of two or more races increased from 1% to 4%.
The median income in Indian River Estates has fluctuated over the past decade. From 2013 to 2015, it steadily increased from $44,780 to $48,983. Between 2016 and 2018, it declined to $44,634. From 2019 to 2022, an overall upward trend was observed, reaching $56,066 in 2022. These economic patterns correlate with the demographic shifts in notable ways.
The initial income increase (2013-2015) coincided with a period of relative demographic stability. The income decline (2016-2018) occurred as the community began to see small increases in minority populations. The most recent upward income trend (2019-2022) aligns with more noticeable increases in diversity, particularly in Hispanic and multi-racial populations. These correlations suggest that the gradual increase in diversity may be associated with economic growth in the community.
The demographic shifts in Indian River Estates, while gradual, reflect broader national trends of increasing diversity in suburban areas. However, the pace of change in this community appears slower than national averages. The economic trends, particularly the recent income growth, align with patterns seen in many Florida communities that have experienced population growth and increased diversity in recent years.
Indian River Estates remains a Low Diversity community with a White Majority, but shows signs of a slow transition towards greater racial diversity. This gradual shift, coupled with recent economic growth, suggests a community in the early stages of demographic and economic change. The coming years may see this neighborhood potentially evolve towards a Moderate Diversity classification if current trends continue.
