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Demographic Analysis of Olcott, New York (14126): A Study of Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Olcott in New York (zip code 14126) is characterized as a "Low Diversity" community. As of 2022, the area has a white population of 99% with a median income of $62,684. The community has a population of 103 people in 2022, residing in an area of 0.36 square miles.
Throughout the period from 2013 to 2022, Olcott has maintained its status as a "Low Diversity" community. The white population has remained the majority, ranging from 93% to 99%. There have been no significant transitions between diversity categories during this period. The Hispanic population showed a slight presence between 2013-2015 (1-2%) and in 2018 and 2020 (1%), but has not been consistently reported in other years.
The median income in Olcott has shown an upward trend from 2013 to 2022, increasing from $51,230 to $62,684. This represents a growth of about 22% over nine years. There was a significant increase in median income between 2017 ($55,681) and 2018 ($63,539). The population has fluctuated over the years, starting at 119 in 2013, dropping to 96 in 2017, then rising to 122 in 2019 before settling at 103 in 2022.
The lack of racial diversity in Olcott contrasts with broader national trends towards increasing diversity in many communities across the United States. The median income growth of 22% over nine years is relatively strong. The small population and limited geographic area of Olcott make it particularly sensitive to small changes in demographics or economic conditions.
Olcott presents a picture of a small, stable, predominantly white community with gradually improving economic conditions. It has not experienced significant demographic shifts seen in many other parts of the country, but its economic trajectory suggests a community that has maintained its character while seeing some financial gains. The lack of significant demographic change could be attributed to various factors, including limited housing stock, geographical isolation, or local economic conditions that may not attract a more diverse population.
