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Demographic Analysis of Zip Code 40020: A Study of Racial Homogeneity and Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 40020 in Fairfield, Kentucky, is a community with a population of 17 people as of 2022. The area is characterized by Low Diversity, with the white population consistently comprising 94-100% of the total throughout the available data period. Economically, the community has experienced significant growth in median income over the past decade.
The racial composition of this zip code has remained stable over the years for which data is available (2013-2022). The community consistently falls under the Low Diversity category, with the white population at 94% or higher throughout this period. There have been no significant transitions between diversity categories, indicating a homogeneous and stable racial demographic.
The community has experienced substantial economic growth. The median income has increased from $41,597 in 2013 to $91,881 in 2022. This represents a 121% increase over nine years, outpacing national averages for income growth. The population has remained relatively stable between 14-17 people throughout the period.
The lack of demographic shifts coupled with income growth suggests that the existing residents have experienced economic improvements without attracting new residents from diverse backgrounds. This could be due to factors such as limited housing availability, zoning restrictions, or the rural nature of the area.
This zip code appears to be an outlier compared to national trends. Its low diversity and small population size make it atypical compared to broader demographic trends. The income growth in this zip code is noteworthy. The median household income in the United States grew from about $52,000 in 2013 to around $70,000 in 2021, an increase of about 35%. In contrast, this zip code saw growth of over 100% in the same period.
With such a small population, individual family changes can have significant effects on overall statistics. The income increase could potentially be attributed to changes in just one or two households rather than broader economic trends affecting a larger community.
Zip code 40020 in Fairfield, Kentucky, presents a case of a small, racially homogeneous community that has experienced significant economic growth without accompanying demographic changes. This contrasts with many national trends towards increasing diversity and more moderate income growth. The extreme nature of both its low diversity and high income growth make it an outlier in demographic studies, though its small size limits the broader applicability of these trends.
