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Demographic Trends in Oakridge: A Study of Racial Composition and Economic Changes
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Oakridge, a neighborhood in Hollywood, Florida, exhibits a demographic profile categorized as a "White Majority" community. As of 2022, the white population comprises 66% of the neighborhood, with a Hispanic presence of 27%. The neighborhood's population is 2,731, and the median income is $82,980. Oakridge has a relatively high Asian population compared to many other Florida neighborhoods, which has fluctuated between 3% and 10% over the years.
Over the past decade, Oakridge has maintained its "White Majority" status, but with shifts in racial composition. In 2013, the neighborhood had "Low Diversity," with the white population at 70% and minimal representation from other groups. By 2022, the community transitioned to "Moderate Diversity." This shift is primarily due to the increase in the Hispanic population, which grew from 17% in 2013 to 27% in 2022.
The Asian population in Oakridge has shown fluctuations, peaking at 10% in 2017 and 2018 before declining to 3% in 2022. This trend suggests a period of increased Asian immigration or relocation to the area, followed by a subsequent outflow. The neighborhood has also seen the emergence of a small Black population (2%) in 2022, which was not present in earlier years. This indicates a gradual increase in racial diversity.
The median income in Oakridge has shown an upward trend, rising from $67,558 in 2013 to $82,980 in 2022, representing a 22.8% increase. This growth in median income correlates with the increasing diversity of the neighborhood. The population has experienced fluctuations, peaking at 3,217 in 2013 and declining to 2,731 in 2022. This population decrease, coupled with rising median incomes, could indicate a gentrification process.
The demographic shifts in Oakridge mirror broader trends seen across Florida and the United States, where Hispanic populations have been growing significantly. However, the neighborhood's maintenance of a white majority distinguishes it from many urban areas that have transitioned to "Majority-Minority" status. The increasing median income in Oakridge outpaces the national average, which saw about a 10% increase over a similar period.
Oakridge presents a picture of a gradually diversifying community with economic growth. While it remains a "White Majority" area, the increasing Hispanic presence and the fluctuations in the Asian population indicate that the neighborhood is in a state of demographic transition. These changes, coupled with rising incomes, suggest that Oakridge is evolving into a more diverse and affluent community.
