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Demographic Analysis of Zip Code 51536: 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 51536 in Hancock, Iowa, is classified as having Low Diversity as of 2022. The white population comprises 91% of the total, meeting the criteria for racial group dominance exceeding 75% of the population. The current median income is $61,912, representing a decrease from previous years.
Over the past decade, Hancock has maintained its status as a Low Diversity community. The white population has consistently remained the majority, ranging from 87% to 96% throughout the years. Minor fluctuations have been observed in the Hispanic population and those identifying as two or more races. The Hispanic population decreased from 6% to 2% between 2013 and 2017, increased to 9% in 2020, and settled at 5% in 2022. The percentage of individuals identifying as two or more races has shown a slight increase from 0% in earlier years to 2-3% in recent years.
The median income in Hancock has fluctuated over the past decade. From 2013 to 2017, there was a steady increase from $66,878 to $81,425. However, since 2017, there has been an overall downward trend, with the median income dropping to $61,912 in 2022. The period of highest median income in 2017 coincided with the lowest Hispanic population percentage of 2%.
The population has remained relatively stable over the decade, fluctuating between 479 and 571 residents. A recent increase from 494 in 2020 to 553 in 2022 may indicate a small influx of new residents.
Hancock's demographic composition differs significantly from national averages. The United States as a whole has been trending towards increased diversity, with the white population dropping below 60% in recent years. In contrast, Hancock has maintained a white population above 85% throughout the decade.
The economic fluctuations in Hancock, particularly the recent downward trend in median income, may reflect broader economic challenges faced by small rural communities across the Midwest. Many such communities have experienced difficulties with economic transitions and population retention in recent years.
In conclusion, Hancock remains a Low Diversity community with a strong white majority, but there are subtle indications of gradual demographic shifts. The economic challenges indicated by the recent decline in median income may influence future demographic changes, potentially affecting migration patterns and community composition in the coming years.
