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Demographics
Population
Median Income
Racial Distributions
Zip code 24460 in Millboro, Virginia, is classified as a "Low Diversity" community as of 2022. The white population comprises 95% of the total, exceeding the 75% threshold for this classification. The area has a population of 1,611 and a median income of $59,008 as of 2022.
Over the past decade, Millboro has maintained its status as a "Low Diversity" community. The white population has remained dominant, ranging from 90% to 96% throughout the period. The black population experienced minor fluctuations, peaking at 7% in 2013-2014, dropping to 1% in 2016-2018, and rising to 4% by 2022. From 2018 onwards, a small Asian population (around 1%) appeared in the data. A minimal Native American presence (less than 1%) was recorded from 2019 onwards.
The median income in Millboro has shown considerable volatility over the years. It varied significantly, from a low of $48,993 in 2014 to a high of $74,333 in 2016. From 2020 to 2022, the median income has shown less volatility, ranging from $57,116 to $59,008. The population has generally decreased from 2,042 in 2010 to 1,611 in 2022, with some fluctuations in between.
The low diversity and relatively small population suggest Millboro is likely a rural area. The significant income fluctuations might indicate an economy dependent on specific industries or employers, which is common in smaller communities. The overall population decrease aligns with trends seen in many rural areas across the United States, where people often move to urban centers for economic opportunities.
Millboro has experienced some minor demographic shifts and significant economic fluctuations over the past decade, but has maintained its status as a "Low Diversity" community. The area faces challenges common to many rural communities, including population decline and income volatility. It will be important to monitor if the subtle increases in diversity continue and how they might impact the community's economic and social fabric.