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Demographic Analysis of Zip Code 55041: Predominant White Population and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 55041 in Lake City, Minnesota, is classified as having "Low Diversity" as of 2022. The population is 94% white. The median income is $69,998, which has increased from previous years.
From 2013 to 2022, Lake City maintained its "Low Diversity" status. The white population remained the majority, never falling below 93%. The white population decreased slightly from 96% in 2013 to 94% in 2022. The Hispanic population remained between 2-3% throughout the decade. By 2022, small populations of Asian (1%) and multiracial (1%) residents were present.
The median income in Lake City increased over the decade. In 2013, it was $55,962, and in 2022, it reached $69,998. This 25% increase over nine years exceeded inflation rates. A significant increase occurred from 2020 ($69,441) to 2021 ($74,613), followed by a slight decrease in 2022.
The population remained stable, fluctuating between 7,500 and 7,800 residents throughout the decade. This stability, combined with increasing median income, indicates economic growth without significant demographic changes.
Lake City's racial homogeneity is higher than national averages. In 2022, the U.S. Census Bureau estimated the white alone, not Hispanic or Latino population at 59.3% nationally, compared to Lake City's 94%. The median household income in the United States was $69,021 in 2022, similar to Lake City's $69,998. The slight increase in diversity in Lake City aligns with broader national trends, albeit at a slower rate.
Lake City remains a "Low Diversity" community with a strong white majority, showing signs of gradual demographic shifts. The economic situation is positive, with income growth exceeding national averages over the decade. These trends suggest a stable community experiencing slow but noticeable changes in its demographic composition, potentially leading to more significant shifts in future decades if these trends continue or accelerate.
