Loading Content...
Demographic Analysis of Zip Code 14521: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The zip code 14521 in Ovid, New York, is categorized as a "Low Diversity" community as of 2022. The white population comprises 84% of the total population, which is 3,387. The median income is $52,374. This area has maintained its low diversity status over the past decade, with the white population remaining between 82% and 89% from 2013 to 2022.
The Black population has varied between 6% and 10%, while the Hispanic population has remained stable at 3-5%. There has been a small increase in the "Two or More Races" category, growing from 1% in 2013 to 3% in 2022. These changes indicate a gradual trend towards slightly increased diversity, although not significant enough to change the community's diversity classification.
The median income in Ovid has fluctuated over the past decade. From 2013 to 2019, it remained relatively stable between $49,000 and $51,000. There was a notable increase in 2020 and 2021, reaching a peak of $60,142 in 2021. However, 2022 saw a decrease to $52,374, though still higher than pre-2020 levels.
The economic trends do not appear to strongly correlate with the minor demographic shifts observed. The sudden increase in median income in 2020-2021 and subsequent decrease in 2022 may be attributed to broader economic factors such as the COVID-19 pandemic and its aftermath, rather than local demographic changes.
Population trends show general stability with some fluctuations. The population has ranged from about 3,100 to 3,600 over the decade. There was a notable increase in 2020 to 3,618, followed by a slight decline in subsequent years.
The persistence of a white majority in Ovid contrasts with national trends towards increasing diversity in many areas of the United States. The median income fluctuations, particularly the sharp rise and fall in 2020-2022, likely reflect broader economic trends related to the COVID-19 pandemic, including stimulus payments and economic recovery efforts. The stability of the racial composition over a decade suggests that Ovid may not be experiencing the rapid demographic changes seen in some other parts of the country, particularly urban areas.
In conclusion, Ovid remains a "Low Diversity" community with a strong white majority, but there are subtle signs of increasing diversity. The economic trends, while showing some volatility in recent years, do not appear to be directly linked to these minor demographic shifts. Instead, they likely reflect broader economic factors affecting similar communities across the nation.
