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Demographics
Population
Median Income
Racial Distributions
Zip code 50156, encompassing Madrid in Iowa, is classified as a "Low Diversity" community as of 2022. The area is predominantly white, with 95% of the population identifying as such. This classification has remained consistent over the past decade, despite slight shifts in racial composition.
Throughout the 2013-2022 period, Madrid has maintained its status as a "Low Diversity" community with a clear "White Majority." The white population has consistently represented over 95% of the total, with only minor fluctuations. However, there are subtle indications of a gradual increase in diversity. The Hispanic population increased from 2% in 2013 to 2% in 2022. The Black population emerged from no data available to 1% by 2022. The population identifying as two or more races fluctuated between 0% and 2%, settling at 2% in 2022.
The demographic stability is accompanied by significant economic growth. The median income rose from $73,030 in 2013 to $92,967 in 2022, a 27% increase. The population grew from 5,550 in 2013 to 7,015 in 2022, a 26% increase. This concurrent growth in income and population suggests a thriving local economy, potentially attracting new residents and gradually increasing diversity.
The community's racial composition is less diverse than the national average, as the U.S. is becoming increasingly diverse. The median income growth outpaces national averages, indicating strong local economic performance. The population growth rate is significantly higher than the national average, suggesting the area is attracting new residents at a rapid pace.
Madrid remains a "Low Diversity" community with a strong "White Majority." Subtle demographic shifts and robust economic growth hint at the potential for increased diversity in the future. The area's economic prosperity may be a driving factor in attracting a more diverse population, albeit at a slow pace. As the community continues to grow and evolve, it will be interesting to monitor whether these nascent trends accelerate, potentially transitioning the area towards a more diverse demographic profile in the coming years.