Paradise Cove, a neighborhood in Malibu, California, is characterized by Low Diversity with a White Majority. As of 2022, the white population constitutes 84% of the community, exceeding the 75% threshold for Low Diversity classification. The neighborhood's median income is $116,660 in 2022, indicating an affluent community, although this represents a decrease from previous years. Paradise Cove is known for its beachfront mobile home park, offering a combination of luxury and casual living in an expensive real estate market.

Over the past decade, Paradise Cove has maintained its status as a White Majority community. From 2013 to 2017, the neighborhood showed signs of moving towards Moderate Diversity, with the white population decreasing from 79% to 65% and the Hispanic population increasing from 6% to 20%. After 2017, this trend reversed, with the white population increasing to 84% by 2022, reinforcing the neighborhood's Low Diversity status. The Asian population, which peaked at 12% in 2016, declined to 1% in 2022, further contributing to the low diversity profile.

The median income in Paradise Cove has shown significant volatility over the decade. From 2013 to 2018, the median income fluctuated but remained generally high, peaking at $178,650 in 2013. There was a sharp decline in 2020 to $116,869, coinciding with the COVID-19 pandemic. A brief recovery occurred in 2021 with the median income rising to $174,763, but it dropped again to $116,660 in 2022. These economic fluctuations do not appear to directly correlate with the demographic shifts.