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Demographic Analysis of Zip Code 33408: Low Diversity with Predominant White Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 33408 in North Palm Beach, Florida, is categorized as a community with Low Diversity. The area is predominantly white (86% of the population), with a Hispanic presence of 10%. The median income of $85,362 in 2022 indicates an affluent community, exceeding the national median income.
Over the past decade, North Palm Beach has maintained its status as a Low Diversity community, with the white population consistently comprising over 75% of the total. However, there are indications of a gradual shift towards becoming a Transitional Community. The Hispanic population has increased from 5% in 2013 to 10% in 2022. The Asian population has grown from negligible levels in 2013 to 1-2% in recent years. The percentage of residents identifying as two or more races has increased from 0% to 2% between 2013 and 2022.
The median income in North Palm Beach has shown significant growth over the past decade, increasing from $71,284 in 2013 to $85,362 in 2022, representing a 19.8% increase. The highest median income was recorded in 2021 at $95,364. This economic growth correlates with the increasing diversity. As the Hispanic population grew, the median income also rose, suggesting that incoming Hispanic residents may be relatively affluent. The increase in Asian residents coincides with periods of higher median income, potentially indicating high-earning Asian professionals moving to the area.
Population figures have shown modest growth, from 17,328 in 2013 to 19,199 in 2022, a 10.8% increase. This population growth, coupled with rising incomes and increasing diversity, suggests that the area is attracting a mix of affluent residents from various backgrounds.
North Palm Beach's demographic changes are occurring at a slower pace compared to national trends. The United States as a whole has been moving towards becoming a Majority-Minority nation, with projections suggesting this transition could occur by mid-century. In contrast, North Palm Beach remains a predominantly white community, though with increasing representation from other groups.
The economic growth in this zip code appears to be outpacing national averages, with the median income consistently well above national figures. This suggests that North Palm Beach is an attractive destination for high-earning professionals, potentially including those from diverse backgrounds who are gradually changing the community's demographic makeup.
In conclusion, while North Palm Beach (zip code 33408) remains a Low Diversity community with a strong white majority, it shows signs of transitioning towards greater diversity. This demographic evolution, coupled with strong economic growth, indicates a gradually changing, affluent suburb that is slowly becoming more representative of the nation's increasing diversity while maintaining its economic advantages.
