Loading Content...
Demographic Analysis of Zip Code 14008: Predominant White Population and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The zip code 14008 in Olcott, New York, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 2,496 and a median income of $87,160, indicating a substantial increase in income over the past decade.
From 2013 to 2022, Olcott has maintained its status as a "Low Diversity" area with a "White Majority." The white population has consistently remained above 89% throughout this period, with minor decreases in recent years. There are subtle indications of increasing diversity. The white population decreased from 98% in 2017 to 89% in 2022. The Hispanic population increased from 0% in 2016 to 4% in 2022. The black population rose slightly from 0% to 2% between 2013 and 2022. The "two or more races" category grew from 2% in 2013 to 4% in 2022.
The median income in Olcott has experienced significant fluctuation and overall growth. It decreased from $65,523 in 2013 to a low of $52,614 in 2016. From 2016 to 2022, there was a substantial increase to $87,160, representing a 65.7% growth over six years. This economic growth coincides with the slight increase in diversity, suggesting that the area may be attracting a more diverse population as economic opportunities improve. The population has remained relatively stable, with minor fluctuations, indicating that the income growth is not due to a significant influx of new residents but rather improvements in the economic conditions for existing residents.
Olcott's median income of $87,160 is significantly higher than the United States median household income of approximately $70,784 in 2022, suggesting a relatively affluent community. The racial composition of Olcott is less diverse than the national average. As of 2022, the U.S. population was about 59% white (non-Hispanic), whereas Olcott is 89% white. The slow increase in diversity in Olcott aligns with national trends of increasing diversity in many communities, although at a much slower rate.
Olcott remains a predominantly white, low-diversity area, but there are signs of gradual demographic shifts. These changes, coupled with significant economic growth, suggest that the community may be at the early stages of a transition towards greater diversity and economic prosperity. However, these changes are occurring at a slower pace compared to national trends, maintaining the area's character as a predominantly white, economically stable community.
