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Demographics
Population
Median Income
Racial Distributions
Zip code 40513 in Lexington-Fayette, Kentucky, is classified as a "White Majority" community with "Low Diversity" as of 2022. The area has a population of 10,960 and a median income of $123,337, which is above the national average.
Over the past decade, this zip code has maintained its "White Majority" status while experiencing a gradual increase in diversity. The white population decreased from 84% in 2013 to 74% in 2022. The most significant change occurred in the Asian population, which grew from 10% in 2013 to 18% in 2022. Hispanic and Black populations showed slight increases from 1% to 3% and 1% to 2% respectively over the decade.
The median income in this zip code has generally increased over the past decade, rising from $124,180 in 2013 to a peak of $145,989 in 2021, before slightly decreasing to $123,337 in 2022. This overall increase in median income correlates with the growing Asian population. The population has remained stable at around 11,000 throughout the decade.
The demographic shifts in this zip code align with broader national trends of increasing diversity in suburban areas, although the pace of change is slower than in many other suburban communities across the U.S. The high median income and its upward trend indicate that this zip code is likely an affluent suburb, possibly home to professionals and executives.
The increasing Asian population mirrors trends seen in other high-income suburban areas near major cities or university towns, where Asian Americans often settle for educational and professional opportunities. The stability in population numbers, coupled with increasing diversity and rising incomes, suggests that this area may be experiencing "demographic replacement" rather than expansion.
In conclusion, while zip code 40513 remains a predominantly white, low-diversity area, it shows signs of a slow transition towards greater diversity. The economic profile of the area remains strong, with high and generally increasing median incomes. These trends suggest a gradual evolution towards a more diverse, affluent suburban community, though changes are occurring at a slower pace than in many comparable areas nationwide.