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Demographic Analysis of Zip Code 05873: Predominantly White Population with Subtle Diversity Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 05873 in Peacham, Vermont, is classified as a "Low Diversity" area as of 2022. The population is predominantly white, with 94% of residents identifying as such. The median income is $67,811, and the population stands at 950, indicating a small, relatively affluent rural community.
Over the past decade, Peacham has maintained its "Low Diversity" status. The white population has consistently remained above 90%, with minor fluctuations. However, subtle signs of increasing diversity have emerged. The percentage of residents identifying as two or more races increased from 1% in 2013 to 4% in 2022. Small but consistent representations of Black, Asian, and Hispanic populations have also appeared, each maintaining around 1-2% of the population.
The median income in Peacham has shown a significant upward trend. From 2013 to 2022, median income increased from $49,443 to $67,811, representing a 37% increase over nine years. The most substantial increase occurred between 2019 and 2021, with income rising from $61,135 to $71,462, a 17% increase in two years.
Population trends have been relatively stable, with minor fluctuations between 853 and 950 residents over the decade. The recent increase to 950 in 2022 may indicate growing attractiveness of the area, possibly linked to the rising median income.
The subtle increases in diversity in Peacham align with broader national trends of increasing diversity in rural areas, although the pace of change appears slower than national averages. The significant income growth in Peacham outpaces the national average for rural areas, suggesting local economic factors may be driving prosperity in the region.
The stability of the population, combined with rising incomes, indicates that Peacham may be evolving into a more prosperous rural enclave. This trend could potentially lead to further demographic shifts in the future if the area continues to attract new residents seeking economic opportunities in a rural setting.
Peacham remains a "Low Diversity" community, but subtle demographic shifts and significant economic growth over the past decade suggest a community in the early stages of transition. If these trends continue, Peacham may evolve towards a more diverse and economically robust rural community in the coming years.
