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Demographics
Population
Median Income
Racial Distributions
Zip code 22408 in Fredericksburg, Virginia, is classified as a "White Majority" community with moderate diversity as of 2022. The white population comprises 61% of the total, with other racial groups having significant representation. The median income in 2022 was $95,478, indicating an economically stable area.
Over the past decade, this zip code has maintained its status as a "White Majority" community, but has been transitioning towards increased diversity. The white population decreased from 68% in 2013 to 61% in 2022, indicating a gradual shift in racial composition. The Hispanic population showed the most significant growth, increasing from 8% in 2013 to 12% in 2022. The "Two or More Races" category increased from 2% to 5%, suggesting a transition towards a more diverse community.
The Black population remained relatively stable at around 17-18% throughout the decade. The Asian population also remained consistent at approximately 3-4%. The median income in this zip code showed an overall upward trend, rising from $93,313 in 2013 to $95,478 in 2022, with fluctuations in between. A significant increase to $105,868 occurred in 2021 before decreasing in 2022.
This economic growth correlates with the increasing diversity in the area. As the community has become more diverse, it has generally maintained its economic stability and experienced some growth. This suggests that increasing diversity has not negatively impacted the area's economic prosperity and may have contributed to it.
The population increased steadily from 28,425 in 2013 to 32,724 in 2022, a growth of about 15%. This population growth, combined with increasing diversity and generally rising median income, indicates that the area is attracting new residents from various backgrounds while maintaining its economic appeal.
The trends observed in this zip code align with broader national trends of increasing diversity in suburban areas. Many suburbs across the United States have been experiencing similar transitions, with growing Hispanic and multiracial populations. The economic stability and growth in this area, despite increasing diversity, reflect a positive trend that challenges misconceptions about diversity negatively impacting community prosperity.
Zip code 22408 in Fredericksburg, Virginia, is undergoing a gradual transition from a predominantly white community to a more diverse one, particularly with growth in Hispanic and multiracial populations. This demographic shift has been accompanied by overall economic stability and growth, suggesting a positive correlation between increasing diversity and economic prosperity in this area.