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Demographic Analysis of Zip Code 42366: Predominantly White Population in Philpot, Kentucky
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 42366, encompassing Philpot in Kentucky, exhibits a demographic profile characterized by low diversity. As of 2022, the community is categorized as having a White Majority, with 98% of the population identifying as white. The area has a population of 5,862 and a median income of $76,176, indicating a relatively affluent suburban or rural community.
Over the past decade, Philpot has consistently maintained its status as a White Majority community with low diversity. From 2013 to 2022, the white population has remained above 97%, showing minimal change in racial composition. There have been slight increases in racial diversity, with small percentages of Black and Hispanic residents appearing in the data from 2017 onwards, but these changes are minimal and do not alter the overall demographic categorization of the area.
The community does not show signs of transitioning to a more diverse demographic makeup, as the changes in minority populations are very small (1% or less) and have remained stable in recent years. This suggests that Philpot is not currently a Transitional Community in terms of racial demographics.
The median income in Philpot has shown a general upward trend over the past decade, increasing from $70,959 in 2013 to $76,176 in 2022. This represents a 7.3% increase over nine years, slightly outpacing inflation. Notably, there was a significant spike in median income to $90,346 in 2021, followed by a return to a level more consistent with the overall trend in 2022.
The population has experienced a gradual decline, decreasing from 6,541 in 2013 to 5,862 in 2022, a reduction of about 10.4%. This population decrease, combined with the increase in median income, suggests a possible trend of out-migration of lower-income residents or an aging population with rising incomes.
The demographic stability of Philpot contrasts with national trends towards increasing diversity in many areas of the United States. The economic trends in Philpot, particularly the rising median income, align with broader patterns of income growth in suburban areas. However, the population decline is somewhat atypical for a relatively affluent area, as many similar communities have experienced population growth due to their desirability.
Philpot presents a picture of a stable, predominantly white community with gradually increasing affluence but a slowly declining population. The lack of significant demographic change suggests that the area may not be experiencing the same level of diversification seen in many other parts of the country. The economic improvements, coupled with population decline, could indicate a trend towards a more exclusive community, potentially driven by factors such as an aging population, limited housing development, or lack of economic opportunities for younger or more diverse populations.
