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Demographic Analysis of Zip Code 43116: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 43116 in Commercial Point, Ohio, is categorized as having "Low Diversity" as of 2022. The area is predominantly white, comprising 89% of the population, with a small but increasing presence of other racial groups. The median income in 2022 was $84,593, indicating a relatively affluent community, although this figure has fluctuated over the past decade.
Over the past decade, Commercial Point has maintained its status as a "Low Diversity" area, with the white population consistently comprising over 75% of the total. However, there are indications of a gradual shift towards increased diversity. The white population percentage has decreased from 95% in 2015 to 89% in 2022. There has been a notable increase in the "two or more races" category, from 0% in 2015 to 5% in 2022. The Black and Hispanic populations have grown from negligible levels to 3% each by 2022.
These changes suggest that the community might be in the early stages of becoming a "Transitional Community," albeit at a slow pace. The increasing percentages of Hispanic residents and those identifying as two or more races over the last five years support this categorization.
The median income in Commercial Point has shown considerable fluctuation over the past decade. It rose from $74,131 in 2013 to a peak of $98,072 in 2019. There was a decline to $82,511 in 2020, likely due to the economic impact of the COVID-19 pandemic. It has since increased slightly to $84,593 in 2022.
These economic shifts correlate with the demographic changes. The period of increasing diversity (2015-2019) coincided with rising median incomes, suggesting that the influx of new residents may have been driven by economic opportunities. The recent decrease in median income (2020-2022) aligns with a slight acceleration in diversification, possibly indicating that economic challenges are affecting the previously homogeneous community structure.
Population trends show a U-shaped curve, decreasing from 477 in 2010 to a low of 387 in 2017, then increasing to 520 in 2022. This recent population growth coincides with the increasing diversity, suggesting that new residents from various backgrounds are moving into the area.
The trend towards increasing diversity, albeit slow, aligns with broader national trends of suburbanization and diversification of previously homogeneous communities. The median income in Commercial Point remains above the national median, indicating that it is an affluent area despite recent fluctuations. The community's ability to maintain high median incomes even as it diversifies suggests a positive integration of new residents, potentially driven by shared socioeconomic status rather than racial similarities.
Commercial Point remains a "Low Diversity" area, but it shows early signs of transitioning towards greater diversity. This shift, coupled with its economic fluctuations, indicates a community in the early stages of demographic change, potentially driven by broader economic and social trends affecting similar suburban areas across the United States.
