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Demographics
Population
Median Income
Racial Distributions
The zip code 12188 in Waterford, New York, is classified as a "White Majority" area with "Low Diversity" as of 2022. The white population comprises 90% of the total, exceeding the 75% threshold for low diversity. The area's population has grown from 10,858 in 2010 to 11,869 in 2022. The median income has increased from $70,965 in 2013 to $83,722 in 2022, indicating economic growth.
Throughout the period from 2013 to 2022, Waterford has maintained its status as a "White Majority" area. The white population has decreased from 93% in 2013 to 90% in 2022. The Hispanic population has grown from 1% in 2013 to 4% in 2022. The Asian population has remained at 2% since 2014. The population identifying as two or more races has increased from 2% in 2013 to 3% in 2022.
The economic trends in Waterford have been positive. The median income has increased by approximately 18% from 2013 to 2022. This growth outpaces inflation, indicating real economic gains. The population has grown by about 9.3% from 2010 to 2022, suggesting the area is attractive to new residents.
The demographic and economic trends in Waterford suggest a correlation. The area's economic prosperity may be attracting a slightly more diverse population, particularly Hispanic residents. The stable and growing economy might be a factor in retaining the existing population while slowly attracting new, more diverse residents. The gradual increase in diversity has not disrupted the area's economic growth, indicating successful integration of new residents.
The median income growth in Waterford appears to be outpacing national averages, indicating a particularly prosperous local economy. The area's racial composition is less diverse than national averages, where non-Hispanic whites make up about 60% of the population. The slow increase in diversity aligns with national trends of increasing diversity, albeit at a much slower pace in this zip code.
Waterford (zip code 12188) remains a predominantly white, low-diversity area, but shows signs of gradual demographic change. This change is occurring alongside strong economic growth, suggesting a community that is slowly evolving while maintaining its economic prosperity. The coming years may see a continuation of these trends, potentially moving the area towards slightly increased diversity while likely maintaining its white majority status.