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Demographics
Population
Median Income
Racial Distributions
Zip code 51340 in Fostoria, Iowa, presents a case study in demographic analysis due to its small population. As of 2022, the community is categorized as "Low Diversity," with 100% of the population identified as white. The median income for this community was $60,454 in 2022, with a population of 3 individuals.
Throughout the decade, Fostoria has maintained its "Low Diversity" status. From 2013 to 2022, the racial composition has been predominantly white, with only a brief period (2018-2019) showing any racial diversity. During those two years, the community transitioned to "Moderate Diversity" with 75% white and 25% Hispanic representation. However, this change was short-lived, and the community reverted to its "Low Diversity" status by 2020.
The median income in Fostoria has fluctuated over the years. In 2013, the median income was $56,499, peaked at $78,676 in 2021, and settled at $60,454 in 2022. These swings in median income are likely due to individual household changes rather than broader economic trends, given the small sample size.
The population has remained stable, ranging between 2 to 4 individuals throughout the decade. This stability in population, combined with the consistent racial composition, suggests a lack of significant in-migration or out-migration that might drive demographic changes.
The extremely small population of Fostoria makes it challenging to draw meaningful conclusions or compare it to broader trends. The changes observed, particularly in racial composition and median income, are likely the result of individual household changes rather than reflective of larger demographic shifts or economic trends.
In comparison to national trends, where many communities are experiencing increasing diversity and more complex racial compositions, Fostoria stands out for its persistent homogeneity. However, this is largely due to its small population size, which makes it more susceptible to dramatic statistical shifts based on changes to just one or two individuals.
The median income, while fluctuating, has generally remained above the national median household income (which was about $70,784 in 2021). However, given the small sample size, this comparison should be interpreted with caution.
In conclusion, while Fostoria, Iowa (zip code 51340) provides a case study, its small population limits the broader applicability of its demographic and economic trends. The community's persistent "Low Diversity" status and relatively stable population suggest a lack of significant demographic change over the past decade, despite brief fluctuations in racial composition and median income.