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Demographic Analysis of Zip Code 47989: Racial Composition and Economic Trends (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 47989 in Waveland, Indiana, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The racial composition indicates that 88% of the population identifies as white, exceeding the 75% threshold for low diversity. The area has experienced economic growth over the past decade, with median income increasing from $45,880 in 2013 to $80,272 in 2022, suggesting an improvement in the economic status of residents.
Throughout the period from 2013 to 2022, Waveland has maintained its status as a "Low Diversity" community with a "White Majority." The percentage of white residents has slightly decreased from 91% in 2013 to 88% in 2022. The Hispanic community has remained relatively stable, fluctuating between 1% and 8% over the years, with a current representation of 2% in 2022. There has been a recent increase in the Asian population, from 0% in 2021 to 4% in 2022. The category of two or more races has grown from no data available in 2013 to 4% in 2022.
The economic trajectory of Waveland has been positive over the past decade. There has been a significant increase in median income from $45,880 in 2013 to $80,272 in 2022, representing a 75% growth. The population has remained relatively stable, with minor fluctuations. It grew from 1,519 in 2013 to a peak of 1,553 in 2019, before settling at 1,347 in 2022.
The substantial increase in median income does not appear to be directly correlated with major demographic shifts, suggesting that economic growth has benefited the existing population rather than being driven by an influx of new, higher-income residents.
The racial composition of Waveland (88% white in 2022) is less diverse than the national average. According to the 2020 U.S. Census, the white population in the United States was about 60%. The median household income in Waveland ($80,272 in 2022) is higher than the national median household income, which was approximately $70,784 in 2021. The population stability in Waveland contrasts with the trend of urbanization seen in many parts of the country.
Waveland remains a "Low Diversity" community with a strong "White Majority," with subtle indications of a gradual increase in diversity. The significant economic growth experienced over the past decade has occurred largely independent of major demographic shifts, suggesting strong local economic factors benefiting the existing population. This combination of economic growth and demographic stability presents a case study in small-town resilience and development.
