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Demographics
Population
Median Income
Racial Distributions
The zip code 51240 in Inwood, Iowa, is classified as a "Low Diversity" community as of 2022. The white population comprises 97% of the total, surpassing the 75% threshold for this classification. The area has a population of 1,933 and a median income of $70,084, indicating a predominantly white, middle-class community.
Over the past decade, Inwood has maintained its "Low Diversity" status. The white population has consistently remained above 90% throughout this period, with only minor fluctuations. There has been no significant transition between diversity categories, suggesting a static racial composition.
Minor changes in demographics include a steady Hispanic population of 2-3% since 2013, a slight increase in the "Two or More Races" category from 0% in 2013 to 1% in 2022, and minimal representation of other racial groups (Asian, Native American, Pacific Islander) at or below 1%.
The median income in Inwood has fluctuated over the past decade. It reached a peak of $76,404 in 2014 and has generally declined since then, with some year-to-year variations. The 2022 median income of $70,084 represents a slight increase from the previous year but remains below the 2014 peak. Despite these fluctuations, the overall trend indicates a relatively stable economic situation, with incomes remaining within a middle-class range.
Population trends show an increase from 1,810 in 2013 to 1,933 in 2022, indicating modest growth. This growth, combined with the stable racial composition, suggests that new residents are largely from similar demographic backgrounds as existing residents.
Inwood's racial composition is less diverse than the national average. As of 2021, the U.S. Census Bureau reported that the white alone, not Hispanic or Latino population was about 59.3% nationally, compared to Inwood's 97%. The median household income in the United States was $69,717 in 2021, which is close to Inwood's 2022 figure of $70,084. This suggests that despite its rural location, Inwood's economic status is comparable to the national average.
Inwood represents a stable, predominantly white community with modest economic growth and minimal movement towards increased diversity. Its economic indicators align closely with national averages, but its racial composition remains significantly less diverse than the country as a whole. The community maintains its "Low Diversity" status consistently over the observed period.