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Demographics
Population
Median Income
Racial Distributions
The zip code 23356 in Captains Cove, Virginia, is classified as having "Low Diversity" as of 2022. The population is 95% white. The current median income is $78,237, which has increased significantly from the previous decade.
From 2013 to 2022, the zip code has maintained its "Low Diversity" status. The white population has remained the majority, ranging from 70% to 98%. Between 2013 and 2016, the white majority was 77-80% with a 1% black population. From 2017 to 2019, the white majority increased to 82-87%, while the black population decreased to 0%. In 2020-2022, the white majority further increased to 95-98%, with a slight increase in diversity in 2022 (2% black, 1% Hispanic, 2% two or more races).
The economic trends in this zip code have shown significant changes over the decade. From 2013 to 2019, the median income remained relatively stable between $41,373 and $47,057. However, from 2020 to 2022, there was a dramatic increase in median income, nearly doubling to $78,351 in 2020 and reaching $83,424 in 2021 before slightly decreasing to $78,237 in 2022.
The substantial income growth coincides with the period of highest racial homogeneity, suggesting a potential correlation between the area's low diversity and its recent economic prosperity. The population has grown steadily over the decade, from 339 in 2010 to 561 in 2022, with a peak of 607 in 2021.
The zip code 23356 has maintained its low diversity status despite national trends towards increased diversity. The recent economic growth in this area is notable, especially considering the challenges faced by many communities during the COVID-19 pandemic. The dramatic increase in median income since 2020 outpaces national averages and may reflect a localized economic boom or demographic shift towards higher-income residents.
The persistence of low diversity in this area, despite national trends, suggests that Captains Cove may be experiencing a form of economic segregation. The recent influx of higher incomes coupled with maintained racial homogeneity could indicate that the area is becoming increasingly exclusive, potentially pricing out more diverse, lower-income populations.
In conclusion, while the zip code 23356 has seen remarkable economic growth in recent years, it has largely resisted the national trend towards increased racial diversity. This combination of factors presents both opportunities and challenges for the community, potentially impacting local policies, social dynamics, and future development plans.