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Demographic Analysis of Zip Code 24503: Predominantly White Community with Subtle Diversity Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 24503 in Lynchburg, Virginia, is classified as a "Low Diversity" community as of 2022. The population is predominantly white, comprising 80% of the total. The current median income is $75,023, and the population stands at 18,427.
Over the past decade, this zip code has maintained its "Low Diversity" status. The white population has consistently remained above 80%. However, subtle signs of increasing diversity are apparent. The Hispanic population has grown from 2% in 2013 to 5% in 2022. The percentage of individuals identifying as two or more races has increased from less than 1% to 3% during the same period. The Black population has remained relatively stable between 10-12%.
The median income in this zip code has fluctuated over the past decade but has generally trended upward. From 2013 to 2022, the median income changed from $78,423 to $75,023, with fluctuations in between. A notable peak occurred in 2021 with a median income of $85,958. The population has shown a slight decline from 18,795 in 2010 to 18,427 in 2022.
The persistent "Low Diversity" categorization, with a strong white majority, is less common in many parts of the country, especially in urban areas. The median income in this zip code is significantly higher than the national median household income, which was around $70,784 in 2021. This suggests that despite its low diversity, the area remains economically prosperous.
The slow increase in Hispanic and multiracial populations aligns with broader national trends, albeit at a much slower pace. This could indicate that while the community is experiencing some of the nationwide demographic shifts, local factors are moderating the rate of change.
In conclusion, zip code 24503 in Lynchburg, Virginia, remains a "Low Diversity" community with a strong white majority. Subtle demographic shifts are occurring. These changes, combined with a relatively stable and high median income, suggest a community that is slowly evolving while maintaining its economic prosperity. The coming years will be crucial in determining whether these trends accelerate, potentially transitioning the area into a more diverse community, or whether it will maintain its current demographic composition.
