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Demographics
Population
Median Income
Racial Distributions
The zip code 50161 in Maxwell, Iowa, is classified as a "Low Diversity" community as of 2022. The white population comprises 93% of the total, meeting the definition of one racial group dominating with over 75% representation. The area has experienced economic growth over the past decade, with the median income increasing from $79,804 in 2013 to $120,777 in 2022.
Over the past decade, Maxwell has shown a slow transition towards increased diversity, although it remains in the "Low Diversity" category. The white population decreased from 97% in 2013 to 93% in 2022. Notable changes include an increase in the Asian population from 1% to 2%, Black population from 0% to 2%, and Hispanic population from 1% to 3%.
The demographic shifts correlate with economic growth in the area. The median income increased by approximately 51% from 2013 to 2022. The population grew from 2,453 in 2013 to 3,297 in 2022, an increase of about 34%. This growth suggests a thriving local economy that may be attracting new residents from various backgrounds.
Maxwell remains less diverse than many urban areas in the United States. The slow pace of diversification is not uncommon for small Midwestern cities, which often retain a predominantly white population. The economic growth in Maxwell outpaces national trends. The median household income in the United States grew from about $52,250 in 2013 to $70,784 in 2021, an increase of about 35%. In comparison, Maxwell's 51% growth over a similar period is higher.
The combination of economic growth and slow diversification suggests that Maxwell may be at the early stages of a demographic transition. As the area continues to prosper economically, it may attract more diverse populations in the future. However, given the current slow pace of change, it would likely take several more decades for Maxwell to transition out of the "Low Diversity" category unless there are significant changes in migration patterns or local policies aimed at increasing diversity.