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Demographic Analysis of Zip Code 46074: 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 46074 in Westfield, Indiana, is classified as a "White Majority" community with "Low Diversity" as of 2022. The area has a population of 41,736 and a median income of $109,089, indicating an affluent suburban setting. This current demographic profile is the result of significant changes over the past decade.
Throughout the analyzed period (2013-2022), the community has maintained a "White Majority" status, with the white population comprising over 75% of residents. However, there is a trend of decreasing white representation, from 83% in 2013 to 75% in 2022. Despite being categorized as "Low Diversity," the community shows signs of transitioning towards "Moderate Diversity." The Asian population has increased from 4% to 8%, and the Hispanic population has grown from 4% to 8% over the decade.
The consistent increase in Asian, Hispanic, and multiracial populations (from 2% to 6% for two or more races) suggests that Westfield is becoming a "Transitional Community," slowly moving towards greater diversity. The median income has shown an upward trend, increasing from $103,715 in 2013 to $109,089 in 2022, with a peak of $122,017 in 2021, indicating growing economic prosperity in the area.
The population has grown significantly, from 28,914 in 2013 to 41,736 in 2022, representing a 44% increase. This rapid growth may be driving some of the demographic changes and could be linked to economic opportunities in the area. The increase in median income coincides with the growing diversity, particularly the rise in Asian and Hispanic populations. This could suggest that the area is attracting diverse, high-skilled professionals.
The rapid population growth and increasing diversity are consistent with trends seen in many growing suburban areas across the United States, particularly those near major metropolitan areas. The median income in this zip code is significantly higher than the national median, indicating that this is an affluent suburb. The gradual increase in diversity, particularly among Asian and Hispanic populations, aligns with broader national trends of increasing diversity in suburban areas, though this community is still less diverse than many urban centers.
Westfield (zip code 46074) remains a predominantly white, affluent suburb, but shows clear signs of transitioning towards greater diversity. The community is experiencing significant population growth and economic prosperity, which are likely intertwined with its demographic shifts. As this "Transitional Community" continues to evolve, it may face both opportunities and challenges in maintaining its economic strength while fostering inclusivity and integration among its increasingly diverse population.
