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Demographic Analysis of Zip Code 50571: Predominantly White Population with Slight Racial Diversification
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 50571 in Palmer, Iowa, is classified as having "Low Diversity" as of 2022. The population is 92% white, 4% Hispanic, and 3% of two or more races. The median income for 2022 was $72,579, showing an increase from previous years.
Over the past decade, Palmer has maintained its "Low Diversity" status. The white population decreased from 98% in 2014 to 92% in 2022. The Hispanic population increased from 1% in 2014 to 4% in 2022. The multiracial population rose from 1% in 2014 to 3% in 2022. These changes indicate slow diversification, but the community has not reached the "Transitional Community" category.
The median income in Palmer has fluctuated over the past decade. From 2013 to 2017, it decreased from $53,371 to $48,845. From 2018 to 2022, it increased from $58,528 to $72,579, a 24% rise over four years. This recent income increase coincides with subtle increases in diversity, suggesting economic growth may be attracting a more diverse population.
Population trends have been volatile, with the highest recorded population of 446 in 2015 declining to 303 in 2022. This 32% population decrease contrasts with the rising median income, potentially indicating a shift in the community's economic structure or outmigration of certain demographic groups.
The trend of slowly increasing diversity, albeit still at low levels, is consistent with many rural American communities that have historically been predominantly white. The significant increase in median income over recent years outpaces national averages, which could be attracting new residents and contributing to the subtle demographic shifts. The population decline goes against the trend of many growing suburban and exurban areas, suggesting that Palmer may be facing unique challenges in retaining residents despite economic improvements.
Palmer remains a "Low Diversity" community, but there are early indicators of demographic changes. These shifts, coupled with significant economic improvements in recent years, suggest that the community may experience more substantial demographic transitions in the coming years if current trends continue. However, the declining population presents a complex picture that warrants further investigation into local economic and social factors influencing these trends.
