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Demographic Analysis of Zip Code 05477: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 05477 in Richmond, Vermont, is classified as having "Low Diversity" as of 2022. The population is predominantly white, with 93% of residents identifying as such. The current median income is $97,828, indicating an affluent community. The area has maintained a stable population of approximately 4,500 residents over the past decade.
Throughout the analyzed period (2013-2022), Richmond has consistently been categorized as having "Low Diversity." The white population has remained the majority, never falling below 91%. However, subtle shifts have occurred. The percentage of white residents decreased slightly from 96% in 2015-2018 to 93% in 2022, indicating a minor trend towards increased diversity. The "two or more races" category increased from 1-2% in earlier years to 5% in 2021 and 3% in 2022, suggesting growth in the multiracial community. The Asian population experienced a notable spike of 4% in 2020 but returned to around 1% in subsequent years.
The median income in Richmond has shown an upward trend over the past decade. It increased from $79,787 in 2013 to $97,828 in 2022, representing a 22.6% increase over nine years. The median income peaked at $106,548 in 2021 before slightly decreasing in 2022. The slight increase in diversity coincides with the overall increase in median income, suggesting that the area may be attracting a more diverse, affluent population.
The population has remained relatively stable, with minor fluctuations between 4,450 and 4,600 residents. This stability, combined with rising incomes, indicates a desirable living area with limited new development or significant demographic changes.
Richmond's racial composition is less diverse than the national average, as the United States as a whole has become increasingly diverse over the past decade. The median income in Richmond ($97,828 in 2022) is significantly higher than the national median household income (approximately $70,784 in 2021), indicating a more affluent community. The slow pace of diversification in Richmond contrasts with faster demographic changes seen in many urban and suburban areas across the country.
In conclusion, Richmond remains a predominantly white, affluent community with low diversity. There are subtle indications of slow demographic shifts. The area's economic prosperity, as evidenced by rising median incomes, may be a factor in attracting a slightly more diverse population. However, the changes are minimal, and the community remains firmly in the "Low Diversity" category. Future years will reveal whether these small shifts develop into a more significant trend towards diversification or if the area maintains its current demographic composition.
