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Demographics
Population
Median Income
Racial Distributions
Zip code 55085 in Vermillion, Minnesota, is classified as a "Low Diversity" community as of 2022. The population is 98% white, with a total of 45 residents. The racial composition has remained stable over the past decade, with minimal representation from other racial groups.
From 2013 to 2022, Vermillion has consistently been categorized as "Low Diversity". The white population has remained above 90% throughout this period, ranging from 93% to 98%. No significant transitions between diversity categories occurred during this time.
The only notable changes in racial composition were a small Asian population (2%) reported in 2016-2019 and a small Hispanic population (2%) noted in 2020. These minor shifts did not alter the overall "Low Diversity" classification of the community.
The community experienced economic fluctuations despite the lack of significant demographic shifts. Median income grew steadily from $85,449 in 2013 to $104,519 in 2019, representing a 22% increase over six years. After 2019, median income became more volatile, dropping to $92,264 in 2020, rebounding to $98,963 in 2021, and decreasing again to $89,582 in 2022. The population fluctuated between 43 and 53 residents, with a slight upward trend from 2013 to 2019, followed by a decline to 45 residents in 2022.
Vermillion appears to be a small, rural community that has not experienced the increasing diversity seen in many urban and suburban areas across the United States. The community maintained a relatively high median income throughout the period, often exceeding $90,000, which is significantly higher than the national median household income of $67,521 in 2020. The community experienced economic impacts from the COVID-19 pandemic, as evidenced by the drop in median income in 2020, but showed resilience with a quick rebound in 2021.
The decrease in both population and median income in 2022 may indicate recent economic or social challenges affecting the community, potentially related to broader national trends of rural population decline or economic pressures. Despite its historically high median income levels, these recent changes may present challenges for this small community moving forward.