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Demographic Analysis of Zip Code 47959: White Majority with Growing Hispanic Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 47959 in Monon, Indiana, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 2,839 and a median income of $53,506. The white population constitutes 67% of the total, while the Hispanic population represents 30%, and the multiracial population accounts for 3%.
Over the past decade, Monon has transitioned from a "Low Diversity" community to one with "Moderate Diversity." In 2013, the white population was 78%, which decreased to 67% by 2022. Conversely, the Hispanic population increased from 17% to 30% during the same period. This demographic shift suggests that Monon could be classified as a "Transitional Community."
The median income in Monon has increased from $46,058 in 2013 to $53,506 in 2022, representing a growth of approximately 16%. However, this growth has not been consistent, with a significant increase to $59,166 in 2021, followed by a decrease in 2022. The population has remained relatively stable, growing from 2,678 in 2013 to 2,839 in 2022, an increase of about 6%.
The economic growth appears to correlate with the increasing diversity. As the Hispanic population grew and the community became more diverse, the median income generally increased. This suggests that the diversification of the community may have brought economic benefits.
The trends in Monon reflect broader national patterns of increasing diversity in rural and small-town America. Many small towns across the U.S. have experienced growth in Hispanic populations over the past decade, often revitalizing local economies and offsetting population declines.
The median income growth in Monon, while positive, appears modest compared to national trends. The U.S. median household income grew from $51,939 in 2013 to $70,784 in 2021, an increase of about 36%. This indicates that while Monon is experiencing economic growth, it may be lagging behind national averages.
Monon exemplifies a small Midwestern community in transition. Its gradual shift from low to moderate diversity, primarily driven by Hispanic population growth, aligns with broader demographic trends in rural America. While the town has seen some economic growth correlating with these changes, there may be opportunities for further economic development to bring it more in line with national income trends.
