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Demographic Analysis of Zip Code 50440: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 50440 in Grafton, Iowa, is categorized as having "Low Diversity" as of 2022. The population is 99% white, demonstrating minimal racial diversity. The median income in 2022 was $73,794, and the population was 304, indicating a small, predominantly white community with a moderate income level.
From 2013 to 2022, Grafton maintained its "Low Diversity" status. The white population remained above 97% throughout this period, with only minor fluctuations. There were no significant transitions between diversity categories, suggesting a stable racial composition over time.
The Hispanic population showed minor fluctuations, reported at 1% from 2014 to 2017, dropping to 0% in 2018 and 2021, and returning to 1% in 2022. These changes did not significantly impact the overall racial composition of the community.
The median income in Grafton demonstrated a general upward trend over the past decade, with some fluctuations. From 2013 to 2016, there was a decrease from $61,415 to $47,314. From 2016 onwards, there was a consistent increase, reaching $77,462 in 2021 before slightly decreasing to $73,794 in 2022. This overall increase suggests improving economic conditions for the community.
Population trends have been volatile. The population peaked at 422 in 2015, then showed a general declining trend, reaching 304 in 2022. This population decline, coupled with increasing median income, might indicate that while some residents are leaving, those who remain are experiencing improved economic conditions.
The lack of racial diversity in Grafton contrasts with national trends towards increasing diversity in many parts of the United States. The increase in median income aligns with general economic growth trends seen in many parts of the country over the past decade. The population decline might be indicative of broader trends seen in some rural or small-town areas.
Grafton presents a picture of a small, racially homogeneous community that has maintained its demographic composition over the past decade while experiencing economic growth. Despite the population decline, the rising median income suggests a potentially stable or improving quality of life for those who remain. The lack of racial diversity may limit the community's exposure to varied cultural perspectives and experiences that are increasingly common in more diverse areas of the country.
