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Demographic Analysis of Zip Code 55003: Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 55003 in Bayport, Minnesota, is classified as a low diversity community as of 2022. The area's population is 82% white, meeting the definition of low diversity where one racial group comprises over 75% of the population. The median income for the area in 2022 was $97,387.
Over the past decade, Bayport has maintained its low diversity status, but with some changes. The white population decreased from 91% in 2013 to 82% in 2022. The most significant change has been the increase in the Black population, rising from 4% in 2013 to 10% in 2022. Hispanic and Asian populations also showed slight increases.
The median income in Bayport has shown an upward trend, rising from $58,796 in 2013 to $97,387 in 2022, an increase of about 66% over nine years. This growth in median income correlates with the gradual diversification of the community.
The population has fluctuated over the decade. It decreased from 3,439 in 2013 to a low of 3,028 in 2016, before rebounding to 3,456 in 2022. This stability, combined with rising incomes, may indicate a maturing community with increasing property values.
The trends in Bayport reflect some broader national patterns. Many suburban areas across the United States have been experiencing gradual increases in diversity over the past decade. However, Bayport's rate of diversification appears to be slower than national averages, as it remains predominantly white.
The significant increase in median income (66% over nine years) is notable. This could indicate that Bayport is part of a growing, economically vibrant region, possibly benefiting from proximity to larger urban centers or specific industries.
While Bayport remains a low diversity community, it shows signs of gradual change. The increasing median income coupled with slight diversification suggests a community in transition, albeit at a slower pace than many urban and suburban areas nationwide. These trends may continue to shape the local economy and community dynamics in the coming years.
