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Demographics
Population
Median Income
Racial Distributions
The zip code 45146 in Martinsville, Ohio, is classified as a "Low Diversity" community as of 2022. The population is 93% white, with minimal representation from other racial groups. The median income for 2022 was $67,538, and the population was 993, showing a decline from previous years.
Martinsville has maintained its status as a "Low Diversity" community over the past decade. The white population has remained above 90% from 2013 to 2022. The percentage of residents identifying as two or more races increased from 2% in 2013 to 5% in 2022. The Hispanic population fluctuated between 0% and 2%, while the black population remained at 0% throughout the recorded period.
The median income in Martinsville has shown an overall upward trend. In 2013, the median income was $55,587. By 2022, it had risen to $67,538, an increase of about 21.5% over nine years. There was a notable spike in 2021 to $75,433, followed by a decrease in 2022.
The population of Martinsville peaked at 1,239 in 2011 and has shown an overall declining trend since then. By 2022, the population had decreased to 993, a decline of about 19.9% from the 2011 peak. The inverse relationship between rising incomes and declining population could suggest outmigration of lower-income residents, attraction of higher-income residents to the area, or economic improvements benefiting remaining residents.
The trend of increasing median income aligns with broader national trends of economic recovery and growth following the 2008 recession. The persistent lack of racial diversity in Martinsville contrasts with national trends towards increasing diversity in many areas of the United States. The population decline may be indicative of broader trends affecting rural or small-town America, where many areas are experiencing population loss to urban centers.
In conclusion, Martinsville has seen some economic improvements over the past decade, while its demographic composition has remained largely stable, maintaining its status as a low-diversity community. The slight increases in multi-racial identification and the Hispanic population, coupled with economic growth, may indicate the early stages of a "Transitional Community," but these changes are currently too small to definitively categorize it as such. The community faces the challenge of balancing economic growth with population retention, which may impact its future demographic and economic trajectory.