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Demographic Analysis of Zip Code 40511: White Majority with Increasing Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 40511 in Lexington-Fayette, Kentucky, is categorized as a "White Majority" community with moderate diversity as of 2022. The white population comprises 53% of the total, with significant Black (27%) and Hispanic (13%) populations contributing to the demographic composition. The median income of $71,583 in 2022 indicates a middle-class economic status, representing a decrease from the previous year.
Over the past decade, this zip code has maintained its "White Majority" status while showing trends towards increased diversity. The white population percentage has remained relatively stable at 52-54% since 2013. The Black population has slightly decreased from 29% in 2013 to 27% in 2022. The Hispanic population has fluctuated between 12-15% over the decade. The Asian population has increased from 1% in 2013 to 2% in 2022. The percentage of individuals identifying as two or more races has risen from 2% to 3%.
The median income in this zip code has shown significant fluctuation and overall growth over the past decade. From 2013 to 2021, there was a substantial increase in median income from $53,780 to $79,846, representing a growth of nearly 50%. However, 2022 saw a decrease to $71,583, potentially indicating economic challenges or shifts in the local job market.
The economic trends correlate with the demographic shifts. The period of income growth coincides with the gradual increase in diversity, suggesting that the area may have benefited economically from its growing multicultural character. The recent decrease in median income in 2022 could potentially impact future demographic trends, possibly affecting migration patterns or housing affordability in the area.
The trend towards increasing diversity in this zip code aligns with broader national trends of growing multiculturalism in many urban and suburban areas. The economic growth seen until 2021 outpaced national averages, suggesting this area was particularly prosperous during that period. The recent dip in median income might be part of broader economic challenges faced nationwide, such as inflation or post-pandemic economic adjustments.
Zip code 40511 in Lexington-Fayette, Kentucky, represents a community in transition. While maintaining a "White Majority" status, it is showing signs of increasing diversity and has experienced significant economic fluctuations. These trends suggest a dynamic community adapting to changing demographics and economic conditions, which may continue to shape its character in the coming years.
