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Demographic Analysis of Low Diversity in Zip Code 56115: Predominantly White Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
The zip code 56115 in Balaton, Minnesota, is classified as a "Low Diversity" area as of 2022. The population is 95% white, with a current median income of $64,147 and a total population of 1,347.
This zip code has maintained its "Low Diversity" status over the past decade. The white population has consistently remained above 95% from 2013 to 2022, with only minor fluctuations. No significant transitions between diversity categories have occurred during this period.
Subtle signs of gradual diversification are present. The Hispanic population has increased slightly from 0% in 2013 to 2% in 2022. The population identifying as two or more races has grown from 2% in 2013 to 3% in 2022. These minimal changes may indicate the beginnings of a long-term trend towards slightly increased diversity, albeit at a very slow pace.
The median income in the area has grown over the past decade, increasing from $53,036 in 2013 to $64,147 in 2022, representing a growth of about 21% over nine years. A significant increase in median income occurred from 2020 to 2021, rising from $65,370 to $70,549, before declining slightly in 2022.
The population has remained relatively stable, fluctuating between about 1,300 and 1,500 residents throughout the decade. There is no clear correlation between population changes and racial demographics or income levels in this case.
This rural Minnesota zip code appears to be changing at a much slower pace compared to national trends of increasing racial diversity, particularly in urban and suburban settings. The stability in racial composition suggests that this area may be less affected by broader demographic shifts seen in more populous or urban regions.
The income growth in this zip code generally aligns with national trends of rising incomes over the past decade. The recent drop in median income from 2021 to 2022 could reflect broader economic challenges faced nationwide, such as inflationary pressures or economic impacts from the COVID-19 pandemic.
In conclusion, zip code 56115 in Balaton, Minnesota, has remained a low-diversity area with a strong white majority over the past decade, with hints of very gradual diversification. The area has experienced notable income growth, suggesting economic development despite its relatively stable demographic composition. These trends indicate a community that is changing slowly in terms of diversity but experiencing more significant shifts in its economic landscape.
