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Demographic Analysis of Zip Code 23943: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 23943 in Hampden-Sydney, Virginia, had a population of 30 people in 2022. The area is categorized as having "Low Diversity" based on its demographic profile. The racial composition is dominated by a white majority, with 73% of the population identifying as white. The community has maintained its status as a "Low Diversity" area over the past decade.
The white population has consistently comprised over 70% of the total population throughout the years, with slight fluctuations. The percentage of white residents reached a peak of 82% in 2018-2019 before declining to 73% in 2022. The black population has shown variability, ranging from 7% to 18% over the years, with the most recent data showing 13% in 2022. In recent years, there has been a small emergence of Asian and Hispanic populations, each representing 3% of the community in 2022.
The economic landscape of Hampden-Sydney has seen significant changes over the past decade. Median income has increased from $23,927 in 2013 to $129,166 in 2022, representing a growth of over 440%. This income growth coincides with minor fluctuations in the racial composition. The population has remained relatively stable, oscillating between 26 and 32 residents over the years.
Hampden-Sydney appears to be maintaining its low diversity status, contrary to national trends that often show increasing diversity in many communities. The dramatic increase in median income is noteworthy and may be indicative of broader economic trends in the region or specific local factors.
The small population size of this CDP makes it challenging to draw broader conclusions or compare it meaningfully to national trends. Small changes in the number of residents can lead to significant percentage shifts in demographic and economic data. The high median income in such a small community suggests that it may be a niche area, possibly associated with a particular institution or industry that attracts high-earning individuals.
In conclusion, Hampden-Sydney has maintained its status as a low diversity community over the past decade while experiencing remarkable economic growth. The subtle increases in minority representation, coupled with the significant rise in median income, suggest a community that is slowly evolving while retaining its core demographic character. However, given the extremely small population size, these changes should be interpreted cautiously and may not be indicative of broader regional or national trends.
