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Demographics
Population
Median Income
Racial Distributions
Zip code 46072 in Tipton, Indiana, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The population is 94% white, with minimal representation from other racial groups. The median income for 2022 was $63,651, indicating a middle-class economic status for the area.
From 2013 to 2022, Tipton has maintained its status as a "Low Diversity" community with a strong "White Majority." The white population has remained above 90% during this period, with only slight fluctuations. There are subtle signs of a very gradual increase in diversity. The Hispanic population has grown from 1% in 2013 to 3% in 2022. The Black population has increased from 0% to 1% between 2013 and 2022. The "Two or More Races" category has fluctuated between 0% and 2% over the years.
The median income in Tipton has shown overall growth from 2013 to 2022, with some fluctuations. In 2013, the median income was $58,473. It peaked in 2021 at $74,217. In 2022, it settled at $63,651. This general upward trend in median income suggests improving economic conditions for residents. The population has gradually declined from 9,623 in 2013 to 9,074 in 2022, with a low point of 8,680 in 2020.
The demographic composition of Tipton contrasts with national trends towards increasing diversity. While many urban and suburban areas across the United States have seen significant increases in racial diversity over the past decade, Tipton has maintained a predominantly white population.
The gradual increase in Hispanic population, though small, aligns with broader national trends of growing Hispanic communities in various parts of the country, including in traditionally less diverse areas.
The economic fluctuations, particularly the rise and fall in median income between 2021 and 2022, may reflect broader economic challenges faced by many small cities and rural areas in the Midwest. The overall population decline is consistent with trends seen in many small Midwestern cities as younger generations often move to larger urban centers for economic opportunities.
While Tipton remains a "Low Diversity" community with a strong "White Majority," subtle demographic shifts and economic fluctuations suggest the potential for gradual change. The community faces challenges similar to many small Midwestern cities, including population decline and economic volatility, but also shows resilience in maintaining a stable median income over the past decade.