5 Fastest Declining Cities in Florida

In this article, we will take a look at the 5 fastest declining cities in Florida. If you would like to read our discussion on the state’s economy, you can go to the 12 Fastest Declining Cities in Florida.

5. Coral Gables City

Population Change: -1.1%

In Coral Gables City, the average household income is approximately $190,744, and the reported poverty rate is 9.54%. The racial composition of the city is predominantly White at 62%, Two or more races at 27.47%, Black or African American at 4.01%, Asian at 3.59%, Other race at 2.9%, and Native American at 0.02%. Among the racial groups in Coral Gables, Black individuals have a higher likelihood of facing poverty, with 48.72% below the poverty level currently.

4. Altamonte Springs City

Population Change: -1.4%

In Altamonte Springs, the average household income is $76,296, and the poverty rate stands at 11.1%. The population breakdown by race in Altamonte Springs is as follows: Whites at 57.71%, Black or African American at 18.43%, Two or more races at 13.65%, Other race at 7.56%, Asian at 2.17%, Native Hawaiian or Pacific Islander at 0.37%, and Native American at 0.11%. In 2021, 91.9% of Altamonte Springs residents held US citizenship, a figure slightly below the national average of 93.4%. However, there has been a positive trend, as the percentage of US citizens in Altamonte Springs was 91.7% in 2020, indicating a gradual increase in the rate of citizenship within the community.

3. North Miami City

Population Change: -1.6%

In North Miami City, the average household income is $72,054, with a poverty rate of 18.89%. The racial composition of the city highlights that Black or African American individuals make up 56.14% of the population, while Whites account for 24.99% of the population. Among the demographic groups in North Miami, Black individuals are the most likely to experience poverty, with 22.21% below the poverty level, whereas Whites are the least likely, with only 11.82% below the poverty line.

2. Aventura City

Population Change: -2.8%

In Aventura City, the racial composition is predominantly White at 69.47%. The city is second on our list of the fastest declining cities in Florida. It has experienced a population decline of 2.8% since 2020. The average household income in the city is $120,671, and the poverty rate stands at 12.44%.

1. Miami Beach City

Population Change: -3.0%

Miami Beach city has a poverty rate of 13.57%, while the average household income in the city is $132,663. The racial breakdown of the population indicates that White individuals make up 61.6%, Two or more races at 20.39%, Other races at 11.18%, Black or African American at 4.42%, Asian at 2.25%, Native American at 0.15%, and Native Hawaiian or Pacific Islander at 0.02%. The significant population change in Miami in recent years can be attributed to various factors, including high crime rates, rising housing costs, as well as a lack of opportunities for low-skilled workers.