Loading Content...
Demographic Analysis of Zip Code 40324: Racial Composition and Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 40324 in Georgetown, Kentucky, is classified as a Low Diversity community as of 2022. The white population comprises 85% of the total, meeting the criteria for racial group dominance of over 75%. The population has grown steadily over the past decade, reaching 51,169 residents in 2022. The median income for the area was $78,499 in the same year.
From 2013 to 2022, Georgetown has maintained its Low Diversity status with a White Majority. The white population decreased slightly from 87% to 85%. The Hispanic population increased from 3% to 5%. The Asian population and those identifying as two or more races experienced small increases. The Black population remained stable at 5%. These changes suggest a slow trend towards increased diversity.
The economic trends in Georgetown have been positive. The median income increased from $68,100 in 2013 to $78,499 in 2022, representing a 15.3% growth. The population grew by 20.9% from 42,300 to 51,169 in the same period. This simultaneous growth in population and median income indicates that the area has attracted new residents while maintaining or improving its economic status.
The median income in Georgetown ($78,499 in 2022) is likely above the national average. The consistent population growth of about 2% per year is higher than the typical U.S. population growth rate. The racial composition, while slowly diversifying, remains less diverse than many urban areas in the United States.
Georgetown remains a Low Diversity community with a White Majority, but there are signs of gradual change. The increasing Hispanic population and slight decreases in the white majority percentage suggest the early stages of a Transitional Community. This demographic evolution, coupled with steady economic growth, indicates a community that is slowly becoming more diverse while maintaining its economic strength. The pace of change is slow, and it would likely take many more years of similar trends before the community would shift into a different diversity category.
