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Demographic Analysis of Zip Code 47620: Predominantly White Community with Subtle Diversity Changes
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 47620 in Mount Vernon, Indiana, is classified as a "Low Diversity" community as of 2022. The population is 94% white. The median income for 2022 was $75,924, an increase from the previous decade.
From 2013 to 2022, the zip code consistently remained in the "Low Diversity" category. The white population stayed above 90% throughout this period, with minor fluctuations. The white population decreased from 95% in 2013 to 94% in 2022. The Hispanic population increased from 1% in 2013 to 2% in 2022. The proportion of individuals identifying as two or more races increased from 1% to 2% over the decade. These changes indicate a slow trend towards slightly increased diversity, but not enough to alter the area's overall classification.
The median income in the area showed an upward trend. In 2013, the median income was $69,350. By 2022, it increased to $75,924, representing a 9.5% growth over the decade. There was a notable spike in 2021 with a median income of $83,641, followed by a decrease in 2022. The population remained relatively stable, fluctuating between about 14,000 and 14,400 throughout the decade. This suggests economic improvements occurred without significant population growth or demographic shifts.
This zip code maintains its demographic composition with only gradual changes, while national trends show increasing diversity in many urban and suburban areas. The income growth in the area outpaced inflation for most of the decade, suggesting economic stability or improvement for the predominantly white population.
The slight increase in Hispanic and multiracial populations aligns with broader national trends of increasing diversity, albeit at a much slower pace in this community. The economic growth without significant demographic change may indicate that the area is attractive to its current residents and potentially to newcomers who fit the existing demographic profile.
The zip code 47620 in Mount Vernon, Indiana, remains a "Low Diversity" community, with subtle signs of very gradual diversification. The area experienced economic growth over the past decade, which may have contributed to its stability and ability to retain its current demographic composition while slowly incorporating small increases in minority populations. Future years will reveal whether these small shifts are the beginning of a longer-term trend towards increased diversity or if the area will maintain its current demographic balance.
