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Demographic Analysis of Zip Code 03894: Low Diversity and White Majority in Wolfeboro, New Hampshire
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 03894, encompassing Wolfeboro, New Hampshire, exhibits low diversity with a white majority. As of 2022, the white population comprises 95% of the total 7,140 residents. The median income is $64,323.
Wolfeboro has maintained its status as a low diversity, white majority community over the past decade. The white population has consistently remained above 95% from 2013 to 2022. This stability in racial composition indicates a persistent demographic structure.
Minor diversification trends are observable. The Hispanic population increased from 1% in 2013 to 3% in 2022. The Asian population fluctuated between 0% and 2%. The category of two or more races appeared in 2021, constituting 1% of the population. These changes, while minimal, may indicate the beginning of a slow transitional trend.
The median income in Wolfeboro has declined over the observed period. It peaked at $79,990 in 2014, reached a low of $62,980 in 2021, and slightly recovered to $64,323 in 2022. This represents a 19.6% decrease from the peak to the most recent figure. The economic decline occurred alongside a slight increase in population, from 6,694 in 2014 to 7,140 in 2022.
The relationship between demographic and economic trends is not straightforward. The community experienced a minor increase in diversity concurrent with a decrease in median income. This suggests that economic changes may be driven by factors other than demographic shifts, such as broader economic trends or changes in the local industry landscape.
The persistent low diversity and white majority status of Wolfeboro contrasts with national trends towards increasing diversity in many areas of the United States. The decrease in median income over the past decade is notable and may reflect broader economic challenges in the region or shifts in the local economy. The slight population growth despite declining incomes could indicate that Wolfeboro remains attractive for reasons beyond economic opportunities.
In conclusion, Wolfeboro shows signs of very slow diversification but remains a predominantly white, low-diversity community. The economic challenges faced by residents, as evidenced by the declining median income, are significant. These trends warrant further investigation into local economic factors and potential strategies for economic revitalization while promoting inclusive growth.
