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Demographic Analysis of Zip Code 40347: Predominant White Population in Midway, Kentucky
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 40347 in Midway, Kentucky, is classified as a "Low Diversity" community as of 2022. The area has a population of 3,419, with 92% identifying as white. The median income is $93,627, suggesting an affluent suburban or small-town setting.
Over the past decade, this zip code has maintained its "Low Diversity" status. The white population has consistently remained the majority, never falling below 86%. Minor shifts have occurred in other demographic groups. The black population increased slightly from 3% in 2014 to 4% in 2022, with a peak of 6% in 2021. The Hispanic population experienced a temporary increase, reaching 8% in 2016 and 2019, but decreased to 2% in 2022. Asian and Native American populations have remained negligible throughout this period.
The median income in this zip code has shown an upward trend over the decade. From 2013 to 2022, it increased from $77,416 to $93,627, representing a 21% increase. A notable jump occurred between 2019 ($81,162) and 2021 ($108,654), followed by a slight decrease in 2022. This economic growth coincided with a modest population increase from 2,984 in 2013 to 3,419 in 2022, suggesting the area has become increasingly attractive to higher-income residents.
The periods of highest racial diversity (2016-2019, with Hispanic population around 7-8%) corresponded with relatively lower median incomes compared to more recent years. The subsequent decrease in Hispanic population coincided with a sharp increase in median income, potentially indicating gentrification or changing economic opportunities in the area.
The persistent "Low Diversity" categorization of this zip code contrasts with national trends towards increasing diversity in many urban and suburban areas. The median income of $93,627 in 2022 is significantly higher than the national median household income, which was around $70,784 in 2021, indicating that this is a relatively affluent area. The population growth, while modest, contrasts with the trend of population decline seen in many small towns and rural areas across the United States.
In conclusion, Midway's 40347 zip code has experienced minor fluctuations in its racial composition over the past decade but remains a predominantly white, low-diversity area. The community has undergone significant economic growth, with rising median incomes potentially attracting more affluent residents. These trends indicate a stable, economically prosperous community that has maintained its demographic character despite broader national trends towards increased diversity.
