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Demographic Analysis of Zip Code 50435: Persistent White Majority in Floyd, Iowa
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 50435 in Floyd, Iowa, is categorized as having "Low Diversity" with a "White Majority" as of 2022. The area has a population of 772 and a median income of $66,118. The community is predominantly white, with 95% of the population identifying as such in the most recent data.
Throughout the period from 2013 to 2022, Floyd has consistently maintained a "White Majority" status, with the white population never dropping below 92%. This places it firmly in the "Low Diversity" category throughout the decade. The white population percentage decreased slightly from 99% to 95% during this period. The "two or more races" category showed some fluctuation, peaking at 5% in 2021 before settling at 2% in 2022. A small but consistent Hispanic population (1-2%) emerged from 2013 onwards.
The median income in Floyd has shown considerable fluctuation over the past decade. It rose significantly from $51,335 in 2013 to a peak of $71,315 in 2019, an increase of nearly 39%. Since 2019, there's been a decline in median income, dropping to $66,118 in 2022, a decrease of about 7.3% from the peak. Despite recent declines, the median income in 2022 is still about 28.8% higher than in 2013. The population has also fluctuated, generally showing a downward trend from 939 in 2013 to 772 in 2022, a decrease of about 17.8%.
Floyd's racial composition is significantly less diverse than the national average. Many areas across the U.S. have been experiencing increasing diversity over the past decade, while Floyd has remained overwhelmingly white. The overall increase in median income from 2013 to 2022, despite recent declines, suggests some economic growth. This trend might align with national patterns of economic recovery following the 2008 recession, though the recent decline could be related to broader economic challenges or local factors. The decreasing population trend goes against the general U.S. trend of urban and suburban growth, suggesting Floyd might be facing challenges in retaining or attracting residents.
While Floyd has experienced some economic fluctuations and very minor shifts in racial composition over the past decade, it remains a predominantly white, low-diversity community. The economic improvements, particularly in median income, have not been accompanied by significant demographic changes or population growth, indicating that the community's character has remained relatively stable despite broader national trends towards increasing diversity.
