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Demographics
Population
Median Income
Racial Distributions
The zip code 45855 in Latty, Ohio, is categorized as having "Low Diversity" as of 2022. The community is entirely white (100%) with a population of 5 individuals and a median income of $62,249. This demographic profile presents a case study for analyzing micro-communities and their economic dynamics.
From 2013 to 2022, Latty maintained its status as a "Low Diversity" community. The white population remained the majority, fluctuating between 88% and 100%. This lack of racial diversity indicates a stable, homogeneous community structure. The community shows no signs of transitioning to other categories such as "Moderate Diversity" or "Transitional Community" due to the absence of significant changes in racial composition over time.
The median income in Latty has shown volatility over the years. From 2013 to 2022, it generally trended upward, rising from $34,771 to $62,249, with fluctuations in between. The highest median income was recorded in 2019 at $77,008, coinciding with the lowest population of 6 individuals. This suggests that the economic well-being of the remaining residents improved as the population decreased.
The population of Latty has decreased from 8 individuals in 2013 to 5 in 2022. This decline represents a 37.5% reduction in the community's size. The shrinking population coupled with income volatility points to a community in flux, possibly facing challenges in maintaining its economic base and attracting or retaining residents.
Latty stands as an outlier, maintaining its homogeneous racial composition. The median income of $62,249 in 2022 is close to the national median household income, which was around $70,784 in 2021. The extreme small size of the community makes it difficult to draw meaningful comparisons to broader trends.
The population decline in Latty mirrors trends seen in many rural American communities, where economic opportunities may be limited, leading to out-migration. However, the scale of this community is so small that it is challenging to extrapolate broader societal trends from its data.
Latty represents a case of a micro-community that has maintained low diversity while experiencing significant economic and population changes. The interplay between its demographic stability and economic volatility presents a subject for further study on the dynamics of extremely small rural communities and their resilience in the face of broader societal changes.