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Demographic Analysis of Zip Code 47943: Predominance of White Population in Fair Oaks, Indiana
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 47943 in Fair Oaks, Indiana, is classified as a "Low Diversity" community as of 2022. The population is predominantly white, with 85% identifying as such. The current median income is $54,655, which has decreased from previous years. This rural area has a population density of approximately 28 people per square mile.
Throughout the period from 2013 to 2022, Fair Oaks has maintained its status as a "Low Diversity" community. The white population has remained the dominant racial group, fluctuating between 83% and 94% of the total population. This indicates a relatively static demographic environment.
The Hispanic community has shown some fluctuation, ranging from 6% in 2018 to 16% in 2015. As of 2022, the Hispanic population stands at 14%, indicating a slight increase in diversity, though not enough to alter the overall categorization. Data for other racial groups is limited or shows zero representation throughout most of the period, further reinforcing the "Low Diversity" classification of the area.
The economic landscape of Fair Oaks has shown notable fluctuations over the past decade. The median income peaked at $74,746 in 2019 but has since declined significantly to $54,655 in 2022, representing a 26.9% decrease in three years. The population has remained relatively stable, fluctuating between about 1,650 and 1,970 residents. There has been a slight overall decline from 1,883 in 2013 to 1,722 in 2022, an 8.5% decrease, which could be related to the recent economic downturn.
Despite the economic volatility, there has not been a significant change in the racial composition of the area. This suggests that economic factors have not led to substantial demographic shifts in this community. The low population density and predominantly white demographic is typical of many rural areas in the Midwest United States.
The recent sharp decline in median income could be indicative of broader economic challenges facing rural communities, such as changes in agricultural markets or the impact of the COVID-19 pandemic. Unlike many urban and suburban areas that have seen increasing diversity over the past decade, Fair Oaks has maintained its low diversity status. This could be due to factors such as limited job opportunities or cultural preferences that might attract a more diverse population.
Fair Oaks presents a picture of a stable, predominantly white rural community that has experienced significant economic challenges in recent years. While the racial composition has remained largely unchanged, the economic volatility could potentially lead to demographic shifts in the future if the trend continues. The community's ability to attract and retain a diverse population may be linked to its capacity to reverse the recent economic downturn and create opportunities that appeal to a broader demographic.
