Black Diamond, FL
Population 1,549 · Florida
About Black Diamond, FL
Black Diamond is a small town located in Florida with a population of 1,549 residents according to the latest US Census Bureau American Community Survey data. The median household income is $111,142 per year, which is 48% above the national median of $75,149. The median age of 63.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Black Diamond features a median home value of $432,700, which is 77% above the national median of $244,900. This places Black Diamond in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 806 total housing units, 98% are owner-occupied (644 units) and 2% are renter-occupied (15 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Black Diamond shows an unemployment rate of 11.3%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 5.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Black Diamond have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
51.4% of Black Diamond residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.0% White, 15.2% Hispanic or Latino, 15.2% Black or African American, and 4.3% Asian residents, with 5.5% of the population being foreign-born.
Cost of Living in Black Diamond, FL
Compared to national averages, Black Diamond has a median household income of $111,142 (48% above the national median of $75,149). Home values average $432,700, which is 77% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Florida, Black Diamond's income is 46% above the state average of $75,893, and home values are 22% above the state median of $353,675.
Why Live in Black Diamond, FL?
Black Diamond offers a strong local economy with a median household income of $111,142, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 51.4% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.6%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include a competitive housing market where the typical home costs $432,700. However, Black Diamond’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Black Diamond has a population of 1,549 with a median age of 63.8 years. Compare Black Diamond with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Black Diamond
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Greenville | 1,549 | $58,036 | $65,100 | Compare |
| Midway CDP (Seminole County), Florida | 1,558 | $58,821 | $257,300 | Compare |
| Keystone Heights | 1,539 | $77,938 | $212,200 | Compare |
| East Palatka | 1,536 | $72,153 | $240,100 | Compare |
| Heritage Pines | 1,520 | $66,771 | $263,500 | Compare |
| Navarre Beach | 1,583 | $125,545 | $755,200 | Compare |
| Astor | 1,507 | $59,643 | $118,600 | Compare |
| Belleair Beach | 1,506 | $137,045 | $987,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Black Diamond With Other Cities
Frequently Asked Questions about Black Diamond
What is the population of Black Diamond, FL?
The population of Black Diamond, FL is 1,549 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Black Diamond?
The median household income in Black Diamond, FL is $111,142 per year, which is 48% above the national median of $75,149.
What is the median home value in Black Diamond?
The median home value in Black Diamond, FL is $432,700, which is 77% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Black Diamond?
The median monthly rent in Black Diamond, FL is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Black Diamond?
The unemployment rate in Black Diamond, FL is 11.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Black Diamond, FL a good place to live?
Black Diamond offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 1,549 and a median age of 63.8, the city appeals to established professionals and retirees.
How educated is Black Diamond, FL?
51.4% of residents in Black Diamond aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Black Diamond?
Key cost-of-living indicators for Black Diamond, FL: median home value is $432,700 (77% above national), median rent is $0/month, and median household income is $111,142. The home-value-to-income ratio is 3.9x, a moderate figure by national standards.
What is the poverty rate in Black Diamond?
The poverty rate in Black Diamond, FL is 5.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Black Diamond, FL?
Black Diamond's population is 0.0% White, 15.2% Hispanic or Latino, 15.2% Black or African American, 4.3% Asian, and 0.0% two or more races. 5.5% of residents are foreign-born.