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Demographic Analysis of Zip Code 01564: Predominantly White Population with Economic Fluctuations
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 01564 in Leominster, Massachusetts, is classified as having "Low Diversity" as of 2022. The population is 95% white. The median income is $118,971, indicating an affluent community, despite recent fluctuations.
Over the past decade, this zip code has maintained its "Low Diversity" status. The white population has remained above 90% from 2013 to 2022, with minor fluctuations. No significant transition between diversity categories has occurred during this period.
There have been subtle changes in the demographic composition. The Hispanic population increased from 1% in 2013 to 5% in 2020, before decreasing to 3% in 2022. Other racial groups, including Asian, Black, and those identifying as two or more races, have consistently represented 1% or less of the population each.
The median income in this zip code has shown volatility over the past decade. From 2013 to 2021, there was a general upward trend, increasing from $112,214 to $145,934, a 30% rise over eight years. However, 2022 saw a sharp decline to $118,971, nearly returning to 2013 levels. The population has grown steadily from 7,865 in 2013 to 8,088 in 2022, a 2.8% increase over the decade.
The zip code's median income remains above the national median household income, indicating a relatively affluent area. The lack of significant racial diversity in this zip code contrasts with national trends towards increasing diversity in many urban and suburban areas. The recent sharp decline in median income could be part of a broader economic trend affecting similar communities.
In conclusion, this zip code has maintained its status as a predominantly white, affluent area with low diversity over the past decade. It has experienced economic volatility, particularly a recent income decline. The community appears resistant to significant demographic changes, maintaining its racial composition despite minor fluctuations. The economic fluctuations may present challenges and could potentially influence future demographic trends if sustained.
