Loading Content...
Demographic Analysis of Zip Code 48063: A Study of Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
The zip code 48063 in Richmond, Michigan, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 4,089 and a median income of $74,812. This classification is based on the 96% white population, which exceeds the 75% threshold for low diversity.
Richmond has maintained its status as a "Low Diversity" area with a "White Majority" over the past decade. From 2013 to 2020, there was a slight decrease in the white population from 96% to 90%, with small increases in black, Hispanic, and multiracial populations. By 2022, the white population increased again to 96%, reinforcing the "Low Diversity" categorization.
The median income in Richmond has shown variability over the past decade. From 2013 to 2019, there was a general upward trend in median income, rising from $63,092 to $71,726. A notable spike occurred in 2021, with median income reaching $89,329, followed by a decrease to $74,812 in 2022. Despite fluctuations, the overall trend shows an increase in median income over the decade.
The period of slight diversification (2013-2020) coincided with a general increase in median income. The income spike in 2021 occurred alongside a slight increase in diversity, with the white population at 95% and multiracial at 4%. The return to 96% white population in 2022 coincided with a decrease in median income, though still higher than pre-2021 levels.
Richmond's racial composition is significantly less diverse than the national average. As of 2020, the U.S. Census Bureau reported that the white alone population was 61.6% nationally, compared to 90-96% in Richmond during the same period. The median household income in Richmond ($74,812 in 2022) is higher than the national median household income, which was $69,021 in 2021 according to the U.S. Census Bureau. The area's resistance to significant demographic change over a decade is notable.
Richmond in zip code 48063 has maintained its status as a "Low Diversity" area with a strong "White Majority" over the past decade, showing only minor fluctuations in racial composition. While the area has experienced economic growth as evidenced by rising median incomes, these changes have not corresponded with significant shifts in racial demographics. This stability in racial composition, coupled with economic improvements, suggests a community that has experienced economic growth while maintaining its traditional demographic structure.
