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Demographic Analysis of Zip Code 40509: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 40509 in Lexington-Fayette, Kentucky, is categorized as a "White Majority" community with "Moderate Diversity." The area has a population of 45,868 and a median income of $90,734. The white population constitutes 68% of the total, with significant representation from other racial groups, particularly Black (15%) and Asian (7%) communities.
Over the past decade, this zip code has transitioned from "Low Diversity" to "Moderate Diversity." In 2013, the area was in the "White Majority" category with 70% of the population identifying as white. By 2022, while still maintaining a white majority, the community has seen an increase in diversity.
The most significant changes include a decrease in the white population from 70% in 2013 to 68% in 2022, an increase in the Asian population from 5% to 7%, a slight decrease in the Black population from 16% to 15%, an increase in the Hispanic population from 5% to 6%, and a rise in individuals identifying as two or more races, from 2% to 5%. These shifts suggest that the zip code is evolving into a more diverse community, potentially qualifying as a "Transitional Community" given the consistent upward trend in Asian, Hispanic, and multiracial populations over the past decade.
The demographic shifts have occurred alongside significant economic growth. The median income has risen from $75,604 in 2013 to $90,734 in 2022, an increase of about 20%. This economic improvement correlates with the increasing diversity, suggesting that the area may be attracting a more diverse, affluent population.
The population has grown substantially, from 34,930 in 2013 to 45,868 in 2022, an increase of about 31%. This rapid population growth, combined with rising incomes and increasing diversity, indicates that the zip code is likely an attractive area for new residents from various backgrounds.
The trends observed in this zip code align with broader patterns seen in many suburban areas of major cities across the United States. The combination of increasing diversity, rising incomes, and population growth is often associated with areas experiencing economic development and becoming more attractive to a wider range of residents.
The median household income of $90,734 in 2022 is significantly higher than the national median (which was around $70,784 in 2021), suggesting that this zip code is a relatively affluent area.
Zip code 40509 in Lexington-Fayette, Kentucky, is undergoing a transition from a predominantly white, less diverse community to one with moderate diversity and increasing representation from various racial groups. This demographic shift is occurring alongside substantial economic growth and population increase, potentially indicating a trend towards a more dynamic, diverse, and economically robust community in the coming years.
