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Demographic Analysis of Zip Code 43340: A Study of Racial Composition in Mount Victory, Ohio
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 43340 in Mount Victory, Ohio, is classified as having "Low Diversity" as of 2022. The area is characterized by a white majority, with 97% of the population identifying as white. The median income for 2022 was $74,525, and the population stood at 1,952.
Throughout the period from 2013 to 2022, Mount Victory has consistently maintained a "Low Diversity" classification. The white population has remained dominant, never dropping below 96% of the total population. This stability in racial composition indicates minimal demographic change over the past decade.
Minor increases in diversity have occurred. The percentage of residents identifying as two or more races increased from 1% in 2013 to 2% in 2022. A Hispanic population of 1% emerged in the data from 2016 onwards. These changes are not substantial enough to alter the community's "Low Diversity" classification.
The community has experienced economic changes despite stable racial demographics. The median income increased from $55,742 in 2013 to $74,525 in 2022, representing a 33.7% increase over nine years. Population has fluctuated, with a low of 1,801 in 2019 and a high of 1,960 in 2021. The overall trend shows a slight decrease from 1,986 in 2013 to 1,952 in 2022, indicating a relatively stable population base.
Periods of population decline coincided with significant increases in median income. This suggests that while some residents may have left the area, those who remained experienced improved economic conditions.
The extreme racial homogeneity of Mount Victory likely differs from national trends towards increasing diversity. The 33.7% growth in median income over nine years may outpace national averages, suggesting a relatively robust local economy. The stable population and persistent racial composition could indicate a rural community that has experienced less demographic change compared to more urban or suburban areas.
Mount Victory presents a stable, predominantly white community that has experienced economic growth without significant demographic shifts. This stability in racial composition, coupled with rising incomes, suggests a community that has maintained its traditional character while benefiting from economic improvements. The lack of increasing diversity raises questions about the community's ability to attract or retain a more diverse population, which could be important for long-term economic and cultural vitality.
