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Demographic Analysis of Manhattan Zip Code 10005: A White Majority Area with Increasing Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 10005 in Manhattan, New York City, is classified as having a "White Majority" with 69% of the population identifying as white as of 2022. The area is characterized by high median incomes, with the 2022 figure at $182,532. The zip code is densely populated, with 8,312 residents living in 0.07 square miles, indicative of a highly urbanized environment typical of Manhattan's financial district.
Over the past decade, this zip code has maintained its "White Majority" status, but notable shifts have occurred within demographic categories. The white population percentage has remained relatively stable, fluctuating between 68% and 74% from 2013 to 2022. Signs of increasing diversity and a potential transition towards a "Moderate Diversity" classification are evident. The Asian population, the second-largest racial group, has declined from 22% in 2013 to 13% in 2022. The Hispanic population has gradually increased from 3% in 2013 to 8% in 2022. The Black population has increased from 1% in 2013 to 5% in 2022. The category of Two or More Races has grown from 2% in 2013 to 6% in 2022.
The median income in this zip code has shown fluctuation but an overall upward trend. In 2013, it was $157,883. It increased to $173,054 in 2017, peaked at $196,220 in 2019, dropped to $153,477 in 2020 (likely due to the COVID-19 pandemic), and recovered to $182,532 in 2022. The population has grown from 7,384 in 2013 to 8,312 in 2022, a 12.6% increase. This population growth, coupled with the generally rising median income, suggests that the area has remained highly desirable despite its evolving demographics.
The increasing diversity coincides with overall income growth, which may indicate that the area is attracting a more diverse group of high-income professionals. The slight dip in median income from 2019 to 2022, coupled with increased diversity, could suggest that the area is becoming more accessible to a broader range of residents, albeit still within a high-income bracket.
The pace and nature of change in this Manhattan zip code are unique compared to national trends. The extremely high median income and the continued white majority distinguish it from many other diversifying urban areas. However, the gradual increase in Hispanic, Black, and multiracial populations aligns with broader national demographic shifts in metropolitan areas.
The resilience of the local economy, as evidenced by the quick recovery of median income after the 2020 drop, suggests that this zip code may be somewhat insulated from broader economic trends due to its status as part of Manhattan's financial district.
Zip code 10005 remains a "White Majority" area with exceptionally high incomes, but it shows clear signs of evolving into a more diverse community. This transition, occurring within the context of sustained economic prosperity, presents a unique case study of demographic change in one of the world's most prominent financial centers.
