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Demographic Analysis of Zip Code 40068: Predominantly White Community with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 40068 in Smithfield, Kentucky, is classified as a "Low Diversity" community with a "Racial Majority" as of 2022. The population is 91% white, with a median income of $75,614 in 2022, indicating a relatively affluent area compared to national averages.
Over the past decade, Smithfield has maintained its status as a "Low Diversity" community with a strong "White Majority." However, subtle signs of increasing diversity are evident. The white population has decreased from 96% in 2013 to 91% in 2022. The Hispanic population has grown from 0% in 2013 to 4% in 2022. The Black population has increased from 0% to 2% between 2013 and 2022. The Asian population has remained relatively stable at around 1%. These changes suggest that Smithfield may be in the early stages of becoming a "Transitional Community," albeit at a slow pace.
The median income in Smithfield has shown overall growth from $70,041 in 2013 to $75,614 in 2022, an increase of about 7.9% over nine years. Notable fluctuations include a peak of $84,350 in 2021, followed by a decrease in 2022, and a general upward trend from 2013 to 2019, with some minor fluctuations. The population has remained relatively stable, ranging from 2,214 in 2010 to 2,480 in 2022, showing a slight overall increase.
The gradual increase in diversity coincides with a general upward trend in median income, suggesting that the influx of diverse populations may be linked to economic opportunities in the area. The stability in population numbers, coupled with increasing median income, could indicate that the area is becoming more attractive to higher-income residents from diverse backgrounds.
The slow pace of diversification in Smithfield contrasts with national trends, where many urban and suburban areas are experiencing more rapid demographic changes. The median income growth, while positive, is relatively modest compared to national averages, which might suggest that the area is maintaining its economic status rather than seeing dramatic economic shifts. The persistent "Low Diversity" categorization over a decade indicates that Smithfield may be somewhat isolated from broader demographic trends affecting many parts of the United States.
In conclusion, while Smithfield remains a predominantly white, affluent community with low diversity, there are early indications of a gradual shift towards becoming a more diverse area. This slow transition, coupled with generally increasing median incomes, suggests a community that is experiencing subtle but potentially significant changes in its demographic and economic makeup. Continued monitoring of these trends will be crucial to understanding the long-term trajectory of Smithfield's socio-economic landscape.
