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Demographics
Population
Median Income
Racial Distributions
The zip code 03816 in Melvin Village, New Hampshire, is categorized as a "Low Diversity" community as of 2022. The area's population is 97% white, a classification that has remained consistent over the past decade with only minor fluctuations in racial composition. The current median income is $72,558, showing a moderate increase from the beginning of the decade.
Throughout the 2013-2022 period, Melvin Village has maintained its status as a "Low Diversity" community. The white population has remained above 94% during this time frame, with minimal representation from other racial groups. There have been slight increases in diversity, particularly in the Hispanic population and those identifying as two or more races, but these changes have been marginal and have not altered the overall demographic category of the area.
The community briefly approached the threshold of "Moderate Diversity" in 2019 when the white population decreased to 94% and the Hispanic population reached 5%. However, this shift was temporary, and the area quickly reverted to its "Low Diversity" status in subsequent years.
The median income in Melvin Village has shown an overall upward trend, increasing from $64,647 in 2013 to $72,558 in 2022, representing a growth of about 12.2% over the decade. This growth has not been linear. There were fluctuations, with a notable peak in 2021 at $78,568 before a slight decrease in 2022.
The population has remained relatively stable, fluctuating between about 1,100 and 1,300 residents throughout the decade. The years with higher population counts also corresponded with higher median incomes, suggesting a possible correlation between population growth and economic prosperity in the area.
The demographic makeup of Melvin Village contrasts with national trends towards increasing diversity. While many urban and suburban areas across the United States have seen significant increases in racial and ethnic diversity over the past decade, this zip code has maintained its homogeneous composition.
The income growth in Melvin Village appears to be roughly in line with national averages. The U.S. median household income grew by about 10% between 2013 and 2022 when adjusted for inflation, which is comparable to the 12.2% growth seen in this zip code.
The area's persistent low diversity and steady economic growth might indicate a stable, potentially affluent community that has experienced limited demographic change. This stability could be attributed to various factors such as limited housing development, geographic isolation, or established community preferences.
In conclusion, while Melvin Village has seen some economic growth over the past decade, its racial demographics have remained largely unchanged, maintaining its status as a "Low Diversity" community. This stability in both population and racial composition, coupled with moderate income growth, suggests a community that has experienced limited socioeconomic transformation compared to national trends towards increasing diversity and urbanization.