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Demographics
Population
Median Income
Racial Distributions
The zip code 41094 in Walton, Kentucky, is classified as having "Low Diversity" as of 2022. The population is predominantly white, with 92% of residents identifying as such. The median income is $80,315, and the population has grown to 15,371 residents. This analysis examines the demographic and economic trends in this community over the past decade.
From 2013 to 2022, Walton has maintained a "Low Diversity" classification. The white population has consistently remained the racial majority, never falling below 91% of the total population. Minor shifts in racial composition have occurred. The Hispanic population increased from 2% in 2013 to 4% in 2015-2016, before stabilizing at 3% from 2020 onwards. The percentage of individuals identifying as two or more races has fluctuated, rising from 1% in earlier years to 3% in 2022. Other minority groups, including Asian, Black, Native American, and Pacific Islander, have maintained a consistently low presence, often at or near 0% throughout the decade.
The median income in Walton has shown an overall upward trend, increasing from $73,364 in 2013 to $80,315 in 2022, representing a growth of about 9.5% over nine years. A significant increase in median income occurred between 2020 and 2021, rising from $82,119 to $86,896, before slightly decreasing in 2022. The population has grown steadily, from 12,926 in 2013 to 15,371 in 2022, an increase of about 19%. This population growth, combined with rising median income, suggests economic development and potential attraction of new residents.
The stability in racial composition alongside economic growth may indicate that the area is attracting demographics similar to its existing population, possibly due to factors such as family ties, cultural familiarity, or targeted development strategies.
Walton appears to be maintaining its demographic homogeneity, in contrast to national trends of increasing diversity in many urban and suburban areas. This stability in racial composition, combined with steady economic growth, suggests that Walton may be following a different trajectory compared to more rapidly diversifying areas of the country.
The median household income in Walton ($80,315 in 2022) is higher than the national median income (approximately $70,784 in 2021), indicating that this is a relatively affluent area. This economic prosperity, coupled with population growth, suggests that Walton may be an attractive destination for specific demographic groups, possibly those seeking suburban environments with strong economic opportunities.
In conclusion, Walton has experienced notable economic growth and population increase over the past decade, while its racial demographics have remained remarkably stable. This presents a case study of a community maintaining its "Low Diversity" status while simultaneously experiencing economic development, potentially offering insights into the interplay between demographic stability and economic growth in smaller American cities.
