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Demographic Analysis of Zip Code 47060: A Study of Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 47060 in Bright, Indiana, exhibits low racial diversity as of 2022. The population is 95% white, categorizing the area as having "Low Diversity" based on established criteria. The median income of $81,629 in 2022 indicates an affluent community, surpassing the national median.
Over the past decade, Bright has maintained its low diversity status. The white population decreased slightly from 98% in 2013 to 95% in 2022, but this change is not substantial enough to classify the area as a "Transitional Community". Minor increases in other racial groups occurred, with the Asian population growing from 0% to 2% and individuals identifying as two or more races increasing from 0% to 2% between 2013 and 2022. The Hispanic population has remained at 1% since 2018.
The median income in Bright has shown an upward trend, increasing from $71,889 in 2013 to $81,629 in 2022, representing a 13.5% growth over nine years. This increase suggests improving economic conditions for residents, outpacing inflation rates.
Population fluctuations occurred during this period, with a low of 7,237 in 2020 and a high of 7,842 in 2022. The recent population growth coincides with a slight decrease in median income from its peak of $85,709 in 2019, potentially indicating an influx of new residents with slightly lower incomes.
Bright's demographic composition differs from national trends towards greater diversity. The area has maintained a highly homogeneous population while many urban and suburban areas in the United States have experienced significant demographic shifts. However, the area's economic performance aligns with national trends of income growth following the 2008 financial crisis.
In conclusion, Bright has experienced minimal racial demographic changes over the past decade but has seen notable economic growth. The community remains characterized by low diversity and high affluence. This pattern diverges from national trends towards increased racial diversity but aligns with economic improvement patterns in affluent suburban areas. Recent slight decreases in median income coupled with population growth may suggest subtle changes in the community's composition, but this is not yet classifiable as a significant trend or transition.
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