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Demographic Analysis of Zip Code 48320: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 48320 in Sylvan Lake, Michigan, is classified as having "Low Diversity" as of 2022. The population is predominantly white, comprising 84% of the total. The current median income is $69,741, and the population stands at 4,370.
Over the past decade, Sylvan Lake has maintained its "Low Diversity" status. The white population has consistently been the dominant racial group, comprising over 75% of the total population. The white population percentage has decreased slightly from 87% in 2018 to 84% in 2022. The "two or more races" category has increased from 0% in 2018 to 4% in 2022. Black and Hispanic populations have remained stable, each representing about 5% of the population in recent years.
The median income in Sylvan Lake has fluctuated over the past decade. From 2013 to 2019, there was a gradual increase from $56,118 to $63,279. Between 2019 and 2021, median income rose significantly from $63,279 to $76,205. In 2022, there was a decrease to $69,741.
Population trends show an increase from 4,520 in 2013 to 4,977 in 2020, followed by a decrease to 4,370 in 2022. This recent population decline coincides with income fluctuations, possibly indicating economic instability or changes in the local job market.
The persistent "Low Diversity" status of Sylvan Lake contrasts with the national trend towards increasing diversity in many urban and suburban areas. The median income in Sylvan Lake ($69,741 in 2022) is higher than the national median household income (approximately $70,784 in 2021), suggesting a relatively affluent community. The recent population decrease might be part of a broader trend of population shifts seen in many Midwestern cities.
Sylvan Lake remains a predominantly white, low-diversity community, with subtle signs of increasing diversity. The area has experienced significant economic fluctuations in recent years, which may reflect broader economic trends rather than local demographic shifts. The community appears relatively affluent but may face challenges as indicated by recent population decline and income fluctuation.
