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Demographics
Population
Median Income
Racial Distributions
Zip code 43976 in Hopedale, Ohio, is classified as a "Low Diversity" community as of 2022. The population is 98% white, a demographic composition that has remained stable over the past decade with minor fluctuations. The median income in 2022 was $53,243, indicating a slight increase from previous years and suggesting modest economic growth in the area.
Throughout the period from 2013 to 2022, Hopedale has consistently maintained its "Low Diversity" status. The white population has consistently comprised over 90% of the total, reaching as high as 99% in some years. There have been no significant transitions between diversity categories, indicating a stable racial composition.
The Black population showed a minor presence (1%) in 2013, 2015, and 2016, but has since disappeared from the data. Hispanic and two-or-more races categories have maintained negligible representation throughout the decade. A small "Other" category (1%) emerged in 2019 and has persisted through 2022, slightly increasing the area's diversity, but not enough to alter its "Low Diversity" classification.
The median income in Hopedale has fluctuated over the past decade. From 2013 to 2019, there was a general downward trend, with the median income decreasing from $48,798 to $43,415. However, since 2020, there has been a significant upturn, with the median income rising to $54,396 in 2020 and peaking at $56,072 in 2021, before slightly decreasing to $53,243 in 2022.
This recent economic improvement has not significantly impacted the racial demographics of the area, as the community has remained predominantly white throughout these economic shifts. The stability in racial composition despite economic changes suggests that other factors, such as cultural or historical ties to the area, may play a more significant role in maintaining the demographic makeup.
Population figures have fluctuated over the decade, reaching a peak of 903 in 2015 and dropping to a low of 683 in 2022. This overall decline in population (-18.6% from 2013 to 2022) coupled with the recent increase in median income could indicate a trend of younger or lower-income residents moving out, potentially leaving behind a more affluent, older population.
Hopedale's demographic stability contrasts with national trends towards increasing diversity in many areas of the United States. The recent economic improvements, particularly since 2020, may align with broader post-pandemic economic recoveries seen in many rural and small-town communities across the country.
The persistent lack of racial diversity in Hopedale, despite economic fluctuations, suggests that this community may face challenges in attracting a more diverse population. This could potentially impact future economic growth and cultural development, as diverse communities often demonstrate increased innovation and economic resilience.
Hopedale presents a picture of demographic stability amid economic fluctuations. While the area has seen recent economic improvements, these changes have not significantly altered its racial composition. As the community moves forward, it may benefit from strategies to attract and retain a more diverse population to ensure long-term economic vitality and cultural richness.