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Pickwick in 2022: Neighborhood with the highest employment rate in North Miami Beach, Florida
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Employment per Population
Pickwick, a neighborhood in North Miami Beach, Florida, has distinguished itself as the area with the highest employment rate in the city as of 2022. This densely populated urban enclave has shown remarkable resilience and growth in its workforce participation over the past decade. The neighborhood's economic vitality is reflected not only in its employment statistics but also in various demographic and housing trends that correlate with its labor market success.
In 2022, Pickwick boasted an impressive employment-to-population ratio of 0.698, indicating that nearly 70% of the neighborhood's residents were employed. This figure represents the pinnacle of a steady upward trend in employment that has characterized Pickwick's economic landscape for the better part of a decade. The consistent improvement in employment rates suggests a robust and expanding job market within or accessible to the neighborhood.
Examining the historical data, we can observe a significant and sustained increase in Pickwick's employment rate. From 2013 to 2022, the employment-to-population ratio rose from 0.596 to 0.698, marking a substantial improvement of 10.2 percentage points over this period. This trend indicates not just a recovery from potential economic downturns but a genuine expansion of employment opportunities for residents.
The sub-topic of interest is the neighborhood with the fastest growing employment rate in North Miami Beach over the years. While Pickwick has shown consistent growth, the data suggests that its most rapid period of employment expansion occurred between 2013 and 2019. During this six-year span, the employment rate increased from 0.596 to 0.700, a remarkable jump of 10.4 percentage points. This period of accelerated growth outpaces the overall trend, highlighting Pickwick's dynamic economic development.
Several related factors in the provided data correlate with Pickwick's high employment rate and may offer insights into the neighborhood's economic success. The population density, for instance, has increased substantially from 18,552.9 people per square mile in 2013 to 24,062.5 in 2022. This densification could indicate a growing attractiveness of the area, possibly due to job availability or urban development that supports employment.
Interestingly, the median income in Pickwick has shown some volatility over the years but has generally trended upward. From $58,870 in 2013 to $60,973 in 2022, the modest increase in median income, despite some fluctuations, suggests that the neighborhood has maintained its economic stability while expanding employment opportunities. This could indicate a diversification of the job market, including both higher-paying positions and entry-level jobs that contribute to the high employment rate.
The housing market in Pickwick has also undergone significant changes that may relate to its employment trends. Average home prices have risen dramatically from $203,775 in 2013 to $648,479 in 2022. This substantial appreciation in property values could be both a result of and a contributing factor to the neighborhood's economic vitality. Higher property values often correlate with increased local investment and economic activity, which can drive job creation.
Additionally, there has been a shift in the occupancy type within Pickwick. The percentage of owner-occupied housing units decreased from 89.24% in 2013 to 63.59% in 2022, with a corresponding increase in renter-occupied units. This change in housing tenure could reflect a more dynamic and mobile workforce, possibly attracted by the neighborhood's job opportunities.
In conclusion, Pickwick stands out as the neighborhood with the highest employment rate in North Miami Beach as of 2022, with an impressive 69.8% of its population employed. This achievement is the result of a consistent upward trend in employment over the past decade, with the most rapid growth occurring between 2013 and 2019. The neighborhood's economic success is mirrored in its increasing population density, rising property values, and evolving housing market dynamics. These interrelated factors paint a picture of a vibrant, economically active community that has successfully expanded job opportunities for its residents, solidifying Pickwick's position as a key employment hub in North Miami Beach.
