Florida is known for its sunny beaches, vibrant culture, and diverse population. But not every city in the Sunshine State is growing and thriving. According to the U.S. Census Bureau, one city in particular has experienced a substantial population decline in the past decade, securing its position as Florida’s fastest-shrinking city.
Siesta Key: A Paradise Lost?
The city in question is Siesta Key, an unincorporated community located on a barrier island off the coast of Sarasota County. Siesta Key is famous for its white sand beaches, which have been ranked among the best in the world by various publications. The island also offers a variety of attractions, such as restaurants, shops, parks, and wildlife.
However, despite its natural beauty and tourist appeal, Siesta Key has seen its population drop by 15.2% from 2010 to 2019, according to the U.S. Census Bureau. Currently home to an estimated 5,570 people, Siesta Key is the fastest-shrinking city in Florida, and the 16th fastest-shrinking city in the nation.
What Caused the Population Decline?
There are several possible factors that could explain why Siesta Key is losing residents at such a high rate. One of them is the rising cost of living on the island, which makes it unaffordable for many people to stay or move in. According to Zillow, the median home value on Siesta Key is $1,029,100, which is more than four times the national average. The median rent is also $2,500, which is nearly twice the national average.
Another factor is the impact of climate change and natural disasters on the island. Siesta Key is vulnerable to hurricanes, floods, erosion, and sea level rise, which could threaten its infrastructure, environment, and quality of life. In 2017, Hurricane Irma caused significant damage to the island, forcing many residents to evacuate and some businesses to close. In 2018, a red tide outbreak killed thousands of fish and other marine life, creating a foul smell and a health hazard for beachgoers.
A third factor is the changing demographics and preferences of the population. Siesta Key has a relatively older and wealthier population, with a median age of 65.4 and a median household income of $86,372. Many of these residents are retirees or seasonal visitors, who may not have strong ties to the community or may decide to relocate to other places. Moreover, younger and more diverse generations may not find Siesta Key as attractive or suitable for their lifestyles, as they may prefer more urban, dynamic, and affordable settings.
What Does the Future Hold for Siesta Key?
The future of Siesta Key is uncertain, as it faces both challenges and opportunities. On one hand, the population decline could have negative consequences for the local economy, tax base, public services, and social fabric. On the other hand, the population decline could also create more space, less congestion, and less environmental pressure for the remaining residents and visitors.
To reverse or mitigate the population decline, Siesta Key may need to adopt some strategies, such as:
- Promoting affordable housing and rental options for low- and middle-income families and workers.
- Enhancing the resilience and sustainability of the island’s infrastructure, environment, and tourism industry.
- Attracting and retaining younger and more diverse residents and businesses, by offering more educational, cultural, and recreational opportunities.
- Fostering a sense of community and civic engagement among the residents, by supporting local organizations, events, and initiatives.
Siesta Key may not be able to regain its lost population, but it may be able to reinvent itself as a more inclusive, diverse, and livable place for everyone.
Conclusion
Siesta Key is a beautiful and popular destination in Florida, but it is also the fastest-shrinking city in the state. The reasons for its population decline are complex and multifaceted, and the implications are significant and far-reaching. Siesta Key faces many challenges, but also has many strengths and potentials. By addressing its issues and embracing its opportunities, Siesta Key may be able to survive and thrive in the future.