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Demographic Analysis of Zip Code 52623: Predominantly White Community with Significant Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 52623 in Danville, Iowa, is classified as a "Low Diversity" community as of 2022. The population is 96% white. The current median income is $78,491, which represents a significant increase from a decade ago.
Over the past decade, this zip code has maintained its status as a "Low Diversity" community. The white population has remained above 90% throughout the period, with minimal fluctuations. There has been no significant transition to other diversity categories, indicating a stable racial composition.
The Hispanic population showed a slight increase from 0% in 2013 to 2% in 2020, before settling at 1% in 2022. The Asian population has fluctuated between 0% and 1% over the years. The Black population has remained consistently low, never exceeding 2%. These minor shifts suggest a very slow trend towards slightly increased diversity, but not enough to change the overall classification of the community.
The median income in this zip code has shown an upward trend. In 2013, it was $59,582. By 2018, it had increased to $64,265. It peaked in 2021 at $85,784, before settling at $78,491 in 2022. This represents a 31.7% increase from 2013 to 2022, outpacing inflation for the same period.
Population figures have fluctuated over the decade. In 2013, the population was 2,184. It peaked in 2016 at 2,405, and as of 2022, it stands at 2,243. The population growth does not directly correlate with income growth, suggesting that the economic improvements may be more related to existing residents' prosperity rather than an influx of new, higher-income residents.
This zip code appears to be maintaining its homogeneous racial composition, which is not uncommon for rural areas in the Midwest. The income growth in this zip code is noteworthy and may exceed national averages for the same period. This could indicate that the local economy has been particularly resilient or has benefited from specific industries or economic development initiatives.
The stability of the racial composition, combined with significant income growth, suggests that this community may be experiencing economic improvements without corresponding demographic changes. This could be due to factors such as strong local industries or employers, successful community development initiatives, or retention of local talent and businesses.
In conclusion, while the zip code 52623 in Danville, Iowa, remains a "Low Diversity" community, it has experienced substantial economic growth over the past decade. The community appears to be evolving economically more than demographically.
