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Demographic Analysis of Zip Code 12108: Persistence of White Majority in Speculator, NY
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 12108, encompassing Speculator in New York, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The community has a population of 701 and a median income of $75,745, indicating a relatively affluent small rural area.
Throughout the past decade, Speculator has consistently maintained its status as a "Low Diversity" area with a "White Majority". The white population has remained above 87% throughout the period, with minimal fluctuations. The percentage of residents identifying as two or more races increased from 6% in 2013 to 9% in 2015, then decreased to 5% by 2022. The Black population showed a slight increase from 1% in 2013 to 3% in 2022. The Hispanic population has remained consistently low, never exceeding 2%. These changes suggest a very slow trend towards slightly increased diversity, though not enough to shift the area out of the "Low Diversity" category.
The median income in Speculator has shown a general upward trend over the past decade. It increased from $59,221 in 2013 to $75,745 in 2022, representing a 27.9% increase over nine years. There was a notable jump between 2017 and 2019, with income rising from $65,570 to $74,306. A slight dip occurred in 2021 to $71,966, but it rebounded in 2022. The population has fluctuated over the years, with no clear trend. It reached a low of 475 in 2017 and a high of 759 in 2021. The current population of 701 in 2022 represents a significant increase from the beginning of the decade.
The demographic makeup of Speculator contrasts with New York state as a whole, which is known for its high diversity, especially in urban areas. The village's persistent "Low Diversity" status is more typical of rural areas in upstate New York.
The income growth in Speculator outpaces the national average, which saw median household income rise from $51,939 in 2013 to $70,784 in 2021, a 36.3% increase over eight years. This suggests that Speculator is experiencing stronger economic growth than the national average.
The stability of the racial composition, despite economic growth, might indicate limited job opportunities or housing availability for diverse populations, a preference among current residents to maintain the existing community character, or geographic isolation that limits natural demographic shifts seen in more urban areas.
In conclusion, while Speculator has experienced notable economic growth over the past decade, its demographic composition has remained largely static, maintaining its status as a predominantly white, low-diversity area. This stability in racial makeup, coupled with rising incomes, suggests a community that is prospering economically while experiencing minimal cultural or demographic change.
