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Demographics
Population
Median Income
Racial Distributions
The zip code 48095 in Romeo, Michigan, is classified as having "Low Diversity" as of 2022. The population is 94% white, with a median income of $114,855. This income level indicates an affluent community, exceeding the national median income.
From 2013 to 2022, Romeo maintained its "Low Diversity" classification. The white population remained the majority, never falling below 90%. Minor shifts in demographics occurred during this period. The white population decreased slightly from 95% to 94%, while the black population increased from 0% to 2%. A small Hispanic population (1%) emerged by 2022, which was not present in earlier years. The Asian population fluctuated between 0% and 3%, settling at 1% in 2022.
The median income in Romeo demonstrated significant growth over the analyzed period. It increased from $90,005 in 2013 to $114,855 in 2022, representing a 27.6% increase over nine years. The median income peaked at $130,637 in 2021 before slightly decreasing in 2022. Throughout this period, the median income consistently remained well above national averages, indicating an affluent community.
The population of Romeo grew from 4,822 in 2013 to 5,720 in 2022, an increase of approximately 18.6%. This growth may have contributed to the slight increase in diversity, potentially attracting a small number of residents from different racial backgrounds.
Romeo's demographic trends contrast with national trends that have shown increasing diversity in many communities. The persistent "Low Diversity" classification in Romeo differs from many suburban areas that have experienced more significant demographic shifts over the past decade.
The economic growth in Romeo aligns with broader trends of increasing income inequality, where affluent communities often experience faster income growth compared to less affluent areas. However, the stability of the racial composition suggests that this economic growth has not significantly altered the community's demographic makeup.
In conclusion, Romeo has experienced notable economic growth and a slight population increase over the past decade, while its racial composition has remained relatively stable. The community continues to be characterized by low diversity and high affluence, with only minor shifts towards increased racial diversity. These trends indicate a community that, while economically dynamic, has maintained a relatively homogeneous racial profile in contrast to broader national trends towards increased diversity in suburban areas.