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Demographics
Population
Median Income
Racial Distributions
The zip code 55044 in Lakeville, Minnesota, is categorized as a "Low Diversity" community with a "White Majority" as of 2022. The area has a median income of $116,943 and a population of 55,230. Over the past decade, this affluent, predominantly white community has experienced notable demographic shifts.
From 2013 to 2022, the community maintained a "White Majority" status, with the white population comprising over 80% of residents. However, there is a trend of decreasing white population share, from 90% in 2013 to 81% in 2022. Despite still being categorized as "Low Diversity," the community shows signs of transitioning towards "Moderate Diversity." The combined share of minority groups increased from 10% in 2013 to 19% in 2022.
The most significant increases have been in the Asian, Black, and Hispanic populations. The Asian population increased from 3% to 5%, the Black population from 1% to 4%, and the Hispanic population from 3% to 5% over the decade. The consistent growth in minority populations, particularly Hispanic and multiracial groups, indicates that Lakeville is becoming a "Transitional Community," slowly moving towards greater diversity.
The median income has shown a general upward trend, increasing from $110,049 in 2013 to $116,943 in 2022, with a peak of $133,832 in 2021. The population has grown steadily from 46,820 in 2013 to 55,230 in 2022, an increase of about 18%. The increase in diversity coincides with rising incomes and population growth, suggesting that the area's economic prosperity may be attracting a more diverse population.
Lakeville's median income is significantly higher than the national average, indicating it is an affluent suburb. The trend towards increasing diversity, albeit slow, aligns with broader national trends of suburbanization of minority populations and increasing diversity in traditionally white suburban areas. The community's economic growth and increasing diversity suggest it may be part of a larger trend of minority middle-class expansion into affluent suburbs.
In conclusion, while Lakeville (zip code 55044) remains a predominantly white, affluent community, it shows clear signs of transitioning towards greater diversity. This shift, coupled with steady economic growth, suggests a changing social landscape that may bring new dynamics to local life, including potentially more diverse cultural influences, changing consumer preferences, and evolving community needs. As this transition continues, it will be important to monitor how these demographic changes impact local policies, community services, and social cohesion in the coming years.