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Demographic Analysis of Zip Code 50055: A Predominantly White Community with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 50055 in Collins, Iowa, represents a community categorized as having Low Diversity as of 2022. The white population comprises 90% of the total, classifying it as a White Majority area. The population has grown steadily over the past decade, reaching 840 residents in 2022. The community has experienced significant economic improvement, with the median income rising to $92,790 in 2022.
Over the past decade, Collins has maintained its status as a White Majority community, consistently showing a white population above 75%. The white population percentage has decreased from 98% in 2015 to 90% in 2022, indicating a slow but steady diversification. The percentage of residents identifying as two or more races has increased from 0% in 2015 to 7% in 2022. There has been a small but consistent Hispanic population, ranging from 1-3% throughout the decade. The Asian population has emerged in recent years, reaching 2% by 2022.
The economic trajectory of Collins has been positive over the past decade. Median income has risen from $66,200 in 2013 to $92,790 in 2022, representing a 40% increase over nine years. This income growth has outpaced inflation, indicating real economic gains for the community. The most significant increase occurred between 2018 and 2021, where median income rose from $70,001 to $98,721, a 41% increase in three years.
These economic improvements have occurred alongside the subtle demographic shifts, suggesting that the increasing diversity has not negatively impacted the economic prosperity of the area. The correlation between increasing diversity and rising incomes could indicate that the area is attracting a diverse range of skilled professionals or that economic opportunities are expanding for all residents.
The median household income in Collins ($92,790 in 2022) is higher than the national median, which was around $70,784 in 2021. The racial composition of Collins is less diverse than the national average, where non-Hispanic whites make up about 60% of the population compared to 90% in Collins. The gradual increase in diversity aligns with broader national trends of increasing racial and ethnic diversity in many communities across the United States.
Collins remains a predominantly White Majority community with Low Diversity, but shows early signs of transitioning towards greater diversity. This demographic evolution has occurred alongside significant economic growth, positioning the community as an economically prosperous area that may be becoming increasingly attractive to a more diverse population. As this trend continues, it will be important to monitor how these changes affect community dynamics, local policies, and economic opportunities for all residents.
