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Demographic Analysis of Zip Code 45050: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 45050 in Monroe, Ohio, is classified as having Low Diversity with a White Majority as of 2022. The area has a population of 8,841 and a median household income of $93,626, indicating an affluent suburban community.
Over the past decade, Monroe has maintained its status as a White Majority community, but shows signs of gradual shift towards becoming a Transitional Community. The percentage of white residents decreased from 89% in 2013 to 82% in 2022, while other racial groups experienced modest increases. The most significant change is in the "two or more races" category, which increased from 3% in 2013 to 9% in 2022. The Hispanic population doubled from 2% to 4% during this period.
The demographic shifts in Monroe correlate with significant economic growth. The median household income increased from $70,791 in 2013 to $93,626 in 2022, a 32% increase over nine years. The population grew from 7,266 in 2013 to 8,841 in 2022, a 22% increase.
The trends observed in Monroe align with broader patterns seen in many suburban areas across the United States. Many traditionally homogeneous suburbs have been experiencing gradual diversification, often accompanied by economic growth.
The significant increase in median household income suggests that Monroe may be outperforming national averages in terms of economic growth. This could be attracting a more diverse population, including higher-income professionals from various racial backgrounds.
The growth in the multiracial population is noteworthy and aligns with national trends. The U.S. Census Bureau reported that the multiracial population grew significantly faster than the single-race population between 2010 and 2020.
Monroe remains a predominantly white, affluent suburb, but shows signs of gradual diversification and strong economic growth. These trends suggest that the community may be in the early stages of a transition towards greater diversity, potentially driven by its economic attractiveness and changing demographic patterns in American suburbs more broadly.
