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Demographic Analysis of Zip Code 22963: Racial Composition and Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 22963 in Lake Monticello, Virginia, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 17,363 and a median household income of $83,771. This indicates a relatively affluent suburban or exurban community.
Over the past decade, Lake Monticello has maintained its status as a "Low Diversity" area with a "White Majority." However, there are indications of a gradual shift towards becoming a "Transitional Community". The white population has decreased from 84% in 2013 to 78% in 2022, while still maintaining a strong majority. The Black population has increased slightly from 10% to 11% over the same period. The Hispanic population has grown from 2% in 2013 to 5% in 2022. The "Two or More Races" category has increased from 3% to 5%.
The median household income has increased from $80,231 in 2013 to $83,771 in 2022, representing a 4.4% increase over nine years. Notable fluctuations include a dip to $71,679 in 2015 and a peak of $89,292 in 2021. The population has grown steadily, from 15,189 in 2013 to 17,363 in 2022, an increase of about 14.3%. This population growth, combined with the modest income increase, suggests that the area is attracting new residents while maintaining its economic status.
The gradual increase in diversity, particularly in Hispanic and multiracial populations, aligns with broader national trends of increasing diversity in suburban areas. The median household income of $83,771 in 2022 is higher than the national median income, indicating that Lake Monticello remains an affluent area. The steady population growth suggests that the area is attractive to new residents.
Lake Monticello remains a predominantly white, affluent community, but shows signs of gradually transitioning towards greater diversity. The economic stability and population growth indicate that this demographic shift is occurring in the context of a thriving community, rather than being driven by economic decline or displacement. As this trend continues, the community may need to adapt to changing demographics while maintaining its economic strengths.
