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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 10968 in Piermont, New York, is classified as a "White Majority" area with moderate diversity. The white population comprises 76% of the total, with Hispanic (5%), Black (7%), and Asian (8%) communities representing significant minority groups. The median income of $120,518 in 2022 indicates an affluent area, substantially above the national average.
Over the past decade, Piermont has maintained its "White Majority" status, but with notable changes in its diversity profile. The white population has decreased from 79% in 2013 to 76% in 2022, indicating a slight trend towards increased diversity. By 2022, the area has shifted towards "Moderate Diversity," with three racial groups (Black, Asian, and Hispanic) each representing over 5% of the population.
The Black population has experienced the most significant increase, from 2% in 2013 to 7% in 2022. The Asian population has remained relatively stable, while the Hispanic population has fluctuated. These trends suggest the area may be transitioning towards greater diversity.
Economically, the area has shown rising affluence. The median income has increased substantially from $96,420 in 2013 to $120,518 in 2022, a growth of about 25% over the decade. Despite the overall upward trend, there have been noticeable fluctuations. The peak was in 2019 at $127,842, followed by a slight decline, possibly due to the economic impacts of the COVID-19 pandemic.
The population has remained relatively stable, with a slight decrease from 2,228 in 2013 to 2,159 in 2022. This stability suggests that demographic changes are more likely due to changing composition of existing residents rather than significant influxes of new populations.
The gradual increase in diversity has coincided with rising median incomes, suggesting that the area is attracting affluent minorities or that existing minority populations are experiencing economic growth. The relative stability in population numbers alongside increasing diversity and rising incomes indicates a gradual shift in the community's composition without major disruptions.
The trends observed in Piermont align with broader patterns seen in many affluent suburban areas near major metropolitan centers. Many historically white-majority suburbs have been experiencing slow but steady increases in diversity over the past decades. The significant increase in median income reflects trends in many high-income suburbs, where property values and incomes have risen faster than national averages.
The area's ability to maintain high median incomes even through economic disruptions like the pandemic suggests a resilient local economy, possibly due to a high proportion of professional or remote-capable jobs.
In conclusion, Piermont (10968) presents a picture of a gradually diversifying, affluent suburban community. While maintaining its White Majority status, it shows signs of transitioning towards greater diversity, coupled with significant economic growth. These trends suggest a community in subtle transition, balancing traditional demographics with emerging diversity and continued economic prosperity.