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Demographic Analysis of Zip Code 22974: Predominantly White Community with Low Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 22974 in Lake Monticello, Virginia, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 4,982 and a median income of $85,936. This suburban community has maintained a relatively stable demographic profile over the past decade, with minor changes in its racial composition and economic status.
From 2013 to 2022, Lake Monticello has consistently been categorized as "White Majority," with the white population comprising over 70% of residents each year. The white population decreased slightly from 75% in 2013 to 73% in 2022. The black population decreased from 20% in 2013 to 13% in 2022. The multiracial population increased from 0% in 2013 to 8% in 2022. These changes indicate a trend towards slightly increased diversity, particularly in the growth of the multiracial population.
The median income in Lake Monticello has fluctuated over the past decade. It peaked in 2014 at $103,609, declined to a low of $78,926 in 2018, and recovered to $85,936 in 2022. These economic changes correlate with some demographic shifts. The period of highest median income (2013-2015) coincides with the highest percentage of white residents. As the community became slightly more diverse, there was a corresponding dip in median income, followed by a recovery in recent years.
The population has remained relatively stable, fluctuating between about 4,600 and 5,400 residents over the decade. This suggests that demographic changes are likely due to gradual shifts within the existing population rather than large-scale migration patterns.
Lake Monticello's changes have been modest compared to national data showing increasing diversity in many suburban areas. The community has maintained its character as a predominantly white, upper-middle-class suburb. The slight increase in diversity, particularly in the multiracial category, aligns with broader national trends of increasing multiracial identification.
The economic fluctuations in Lake Monticello mirror some national patterns, such as the recovery from the 2008 financial crisis and subsequent economic growth. However, the community's median income remains significantly above the national average, indicating its status as a relatively affluent area.
Lake Monticello has experienced some demographic and economic changes over the past decade. These shifts have been gradual and have not fundamentally altered the community's character as a low-diversity, white-majority suburb with above-average income levels. The subtle trends towards increased diversity and economic fluctuations suggest a community that is slowly evolving while maintaining its core characteristics.
