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Demographics
Population
Median Income
Racial Distributions
Zip code 53705 in Madison, Wisconsin, is categorized as having a "White Majority" with 72% of the population identifying as white as of 2022. The area has moderate diversity, with Asian (13%) and Hispanic (6%) populations being significant. The median income of $86,728 in 2022 indicates an affluent community, exceeding the national median income.
Over the past decade, this zip code has maintained its "White Majority" status, but has shown a gradual trend towards increased diversity. The white population has decreased from 78% in 2013 to 72% in 2022, while other racial groups have seen modest increases. The Asian population has remained relatively stable, fluctuating between 13-16% over the decade. The Hispanic population has shown the most significant growth, increasing from 3% in 2013 to 6% in 2022.
The community could be classified as a "Transitional Community" due to the gradual but consistent increase in minority populations, particularly Hispanic and multiracial groups. The percentage of those identifying as two or more races has increased from 3% to 5% over the decade, further supporting this classification.
The median income in the zip code has shown a general upward trend, increasing from $79,353 in 2013 to $86,728 in 2022, representing a growth of about 9.3% over the decade. This increase in median income correlates with the gradual diversification of the community. The population has also grown steadily, from 23,522 in 2013 to 26,237 in 2022, an increase of about 11.5%.
The demographic shifts observed in this zip code align with broader national trends of increasing diversity in urban and suburban areas. The growth in the Hispanic population mirrors national demographic trends. However, the continued "White Majority" status and the relatively high median income suggest that this area may be experiencing these changes at a slower pace than some other urban areas across the United States.
The economic resilience of the area, as evidenced by the consistently high and growing median income, sets it apart from many regions that have experienced more volatile economic conditions over the past decade. This stability may be attracting a diverse range of new residents, contributing to the gradual demographic shifts observed.
Zip code 53705 in Madison, Wisconsin, remains a predominantly white, affluent area, but shows signs of a gradual transition towards greater diversity. The community's economic strength appears to be a key factor in its ability to attract a more diverse population while maintaining high income levels. As this trend continues, it will be important to observe whether the area moves towards "High Diversity" status in the coming years and how this might further impact local economic and social dynamics.