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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 05441 in Bakersfield, Vermont is categorized as a "Low Diversity" community. The area is predominantly white, with 90% of the population identifying as such. The current median income is $71,492, showing a slight decrease from the previous year but an overall upward trend over the past decade.
Over the past decade, Bakersfield has consistently maintained its status as a "Low Diversity" community. The white population has remained the dominant racial group, consistently comprising over 85% of the total population throughout the observed period. There are subtle signs of increasing diversity. The Hispanic population has shown a gradual increase, rising from 2% in 2013 to 6% in 2022. The "Two or More Races" category has fluctuated but generally increased from 2% in 2013 to 4% in 2022. The Native American population has varied, reaching a peak of 4% in 2020 before declining in recent years.
While these changes are notable, they have not been substantial enough to shift the community out of the "Low Diversity" category. If these trends continue, the area could potentially transition to a "Moderate Diversity" classification in the future.
The median income in Bakersfield has shown an overall positive trend over the past decade. From 2013 to 2022, the median income increased from $60,351 to $71,492, representing an 18.5% growth. There was a significant jump in median income from 2020 to 2021, rising from $71,491 to $79,720, before returning to $71,492 in 2022.
This economic growth has occurred alongside the subtle increases in diversity, suggesting that the area may be experiencing some economic development that could be attracting a slightly more diverse population. Population figures have fluctuated over the decade, with no clear trend. The population was 333 in 2013, peaked at 353 in 2014, dropped to a low of 248 in 2019, and stood at 280 in 2022. These fluctuations do not seem to correlate strongly with the demographic or economic changes.
Bakersfield's demographic composition differs significantly from national averages. The United States as a whole has been trending towards greater diversity, with many urban and suburban areas classified as "High Diversity" or "Majority-Minority." In contrast, Bakersfield remains a predominantly white community, which is not uncommon for rural areas in Vermont.
The economic growth observed in Bakersfield aligns with broader national trends of increasing median incomes over the past decade. However, the area's relative lack of diversity may limit its potential for further economic diversification and growth compared to more diverse regions that often benefit from a wider range of skills, experiences, and cultural perspectives in the workforce.
While Bakersfield remains a "Low Diversity" community, subtle demographic shifts and consistent economic growth suggest a slowly evolving landscape. These changes, though gradual, may herald the beginning of a longer-term transition towards greater diversity and economic development in the area.