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Demographics
Population
Median Income
Racial Distributions
The zip code 13827 in Owego, New York, is classified as a "Low Diversity" community as of 2022. The population is 93% white, with a median income of $58,217 and a total population of 11,694. The community has maintained a stable size over recent years.
Throughout the past decade, Owego has consistently maintained its "Low Diversity" categorization. The white population has remained above 90% from 2013 to 2022, indicating minimal racial demographic shifts. The Hispanic population shows a slight increase from 2% in 2013 to 3% in 2022. The percentage of individuals identifying as two or more races has doubled from 1% in 2013 to 2% in 2022. Asian, Black, and Native American populations have remained consistently low, each representing 1% or less of the total population throughout the decade.
The median income in Owego has shown volatility over the past decade. The highest median income was recorded in 2021 at $67,606, while the lowest point was in 2017 at $55,172. There is a notable decrease from 2021 to 2022, dropping from $67,606 to $58,217. The slight increase in Hispanic population coincides with periods of both income growth and decline, suggesting no clear correlation between this demographic shift and economic changes. The overall stability in racial composition aligns with the relatively stable, though fluctuating, median income.
Owego has maintained its low diversity status, which is not uncommon in rural or small town settings, particularly in the northeastern United States. The median income fluctuations in Owego reflect broader economic trends, such as the recovery from the 2008 financial crisis and the economic impacts of the COVID-19 pandemic. The recent decline in median income from 2021 to 2022 could be attributed to the economic challenges posed by the pandemic and its aftermath.
Owego has experienced economic volatility over the past decade, but its racial demographic composition has remained largely unchanged, maintaining its status as a low diversity community. The subtle increases in Hispanic population and those identifying as two or more races may indicate the beginning of a slow transition towards greater diversity, but this would need to be monitored over a longer period to confirm any significant trend.