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Demographic Analysis of Zip Code 47708: Predominantly White Population with Emerging Asian Presence
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 47708 in Evansville, Indiana, is classified as a "Low Diversity" area. The population is 90% white, with minor representations from other racial groups. The median income is $77,995, and the population is 592, indicating a small, affluent community within the city.
Over the past decade, this zip code has maintained its "Low Diversity" status. The white population has consistently been the majority, never falling below 85%. From 2013 to 2017, the white population percentage increased slightly, reaching 94% in 2017. Since then, there has been a minor decline to 90% by 2022. The black population has fluctuated between 3% and 11% over the years without a clear trend. The Asian population, previously unreported, appeared in the data from 2021 onwards, reaching 7% by 2022.
The economic landscape of this zip code has undergone significant changes over the decade. From 2013 to 2015, median income was relatively low, ranging from $25,549 to $30,642. A substantial increase occurred from 2016 to 2019, with median income rising from $33,656 to $93,429. Since 2019, median income has fluctuated but remained high, settling at $77,995 in 2022.
The increase in median income coincides with the period of highest white population percentage (2016-2019). The subsequent slight decrease in white population percentage aligns with a minor drop and stabilization of median income. The population has grown steadily over the decade, from 207 in 2010 to 592 in 2022, suggesting increasing attractiveness of the area.
The dramatic increase in median income in this zip code likely outpaces national trends, suggesting localized economic factors. The persistent low diversity of this area contrasts with national trends towards increasing diversity in many urban areas. The emergence of an Asian population in recent years, while small, might reflect broader trends of increased Asian immigration or internal migration to smaller cities in the United States.
This zip code has maintained its status as a low diversity area over the past decade. Subtle shifts in demographics coupled with significant economic changes suggest a community in transition. The area has become more affluent, potentially attracting new residents, including a small but growing Asian population. These changes may be early indicators of slowly increasing diversity in the coming years, especially if economic prosperity continues to attract a wider range of residents.
