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Demographics
Population
Median Income
Racial Distributions
The zip code 47359 in Montpelier, Indiana, is classified as a "Low Diversity" community as of 2022. The population is 93% white, indicating a dominant racial majority. The median income is $52,641, suggesting moderate economic stability for a small city.
Over the past decade, this zip code has maintained its "Low Diversity" status. The white population has slightly decreased from 98% in 2013 to 93% in 2022, indicating a gradual diversification. The most significant change has been the increase in residents identifying as two or more races, rising from 0% in 2013 to 4% in 2022.
The Hispanic population has remained stable at 1-2% throughout the decade. The Asian population has fluctuated between 0-3%, settling at 1% in 2022. The Black population became measurable in the data in 2022 at 1%.
The median income has increased from $40,814 in 2013 to $52,641 in 2022, a 29% increase over nine years. This income growth correlates with the slight increase in diversity, suggesting that economic opportunities may be attracting a more diverse population on a small scale.
The population has grown from 2,540 in 2013 to 2,841 in 2022, a 12% increase. This population growth, combined with the income increase, indicates a positive economic trajectory for the area.
The trends in this zip code contrast with many national trends towards increasing diversity. The slow pace of change suggests it may be a more rural or isolated area, less affected by broader demographic shifts.
In conclusion, zip code 47359 remains a "Low Diversity" community with subtle signs of change. The slight increase in racial diversity, population growth, and rising median incomes suggest a slowly evolving community. However, the pace of change is gradual, and it would likely take many more years of consistent trends for this area to transition to a different diversity category.