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Demographics
Population
Median Income
Racial Distributions
Zip code 51551 in Malvern, Iowa, is classified as a "Low Diversity" community as of 2022. The white population comprises 95% of the total, exceeding the 75% threshold for this classification. The area has a population of 2,152 and a median household income of $82,013, indicating a relatively stable economic situation over the past decade.
From 2013 to 2022, Malvern has consistently maintained its status as a "Low Diversity" community. The white population has remained dominant, ranging from 94% to 98% over the years. There are subtle signs of a very gradual increase in diversity. The Hispanic population has shown a slight increase from 2% in 2013 to 3% in recent years, though it dropped back to 2% in 2022. The "Two or More Races" category has grown from 1% to 2% by 2022. Other racial groups have maintained minimal representation, typically at 1% or less.
The median household income has shown a positive trend over the decade. From 2013 to 2019, income remained relatively stable, fluctuating between $68,523 and $73,689. A significant jump occurred in 2020, with median income rising to $82,229. Income has remained steady at this higher level through 2022 ($82,013). This economic growth coincides with a slight increase in population diversity, suggesting that the area may be becoming more attractive to a wider range of residents.
Population trends have been somewhat volatile. There was a general decline from 2,285 in 2010 to 1,985 in 2017. A recovery began in 2018, reaching 2,134 in 2020. After a slight dip in 2021, the population rose again to 2,152 in 2022. These fluctuations do not seem to correlate strongly with the gradual increase in diversity or the rise in median income, suggesting other factors may be at play in population changes.
The low diversity in Malvern contrasts with national trends towards increasing diversity in many urban and suburban areas. The median household income of $82,013 in 2022 is above the national median, indicating a relatively affluent community. The stability of the racial composition over a decade suggests that Malvern may be less affected by broader demographic shifts seen in more urban or rapidly growing areas.
Malvern remains a "Low Diversity" community with a strong white majority, but there are subtle indications of a very gradual increase in diversity. This is occurring alongside economic growth, as evidenced by rising median incomes. The pace of demographic change is slow, and it remains to be seen whether these minor shifts will develop into more significant trends in the future. The community's economic stability and slight growth in diversity could potentially make it an attractive option for a wider range of residents in the coming years, but substantial changes to its demographic makeup appear unlikely in the short term based on current trends.