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Demographic Analysis of Zip Code 44445: Predominantly White Population with Subtle Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 44445 in New Waterford, Ohio, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 2,848 and a median household income of $64,622. This classification is based on the 90% white population, which exceeds the 75% threshold for low diversity.
New Waterford has maintained its status as a "Low Diversity" community with a strong "White Majority" over the past decade. However, there are subtle indications of a gradual shift towards increased diversity. The white population has decreased slightly from 97% in 2013 to 90% in 2022. There has been a small increase in the Hispanic population, from 2% in 2013 to 6% in 2022. The "two or more races" category has fluctuated, peaking at 5% in 2018-2019 before settling at 2% in 2022.
The median household income has shown significant growth over the past decade. In 2013, the median income was $46,921. By 2022, it had increased to $64,622, representing a 37.7% growth over nine years. This economic growth appears to correlate with the subtle demographic shifts. The increase in median income coincides with a slight increase in diversity, particularly the growth in the Hispanic population. The peak median income of $71,512 in 2021 corresponds with the highest Hispanic population percentage (7%) and the introduction of a small Black population (1%).
The community's demographic composition is significantly less diverse than the national average. The U.S. as a whole has been trending towards greater diversity, with non-Hispanic whites making up about 60% of the population nationally, compared to 90% in this zip code. The median household income growth in this zip code (37.7% over nine years) outpaces the national average. For context, the U.S. median household income grew by about 10% in real terms from 2010 to 2020. The community's resistance to rapid demographic change is noteworthy, especially given broader national trends towards increasing diversity in many areas.
New Waterford remains a "Low Diversity" community with a strong "White Majority." There are early indicators of a potential transition towards greater diversity. This gradual shift coincides with significant economic growth, suggesting a possible link between increasing diversity and economic prosperity in the area. However, the pace of change is slow compared to national trends, indicating that local factors may be influencing the community's demographic and economic evolution.
