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Demographic Analysis of Zip Code 55343: White Majority with Increasing Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 55343 in Minnetonka, Minnesota, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 26,510 and a median household income of $72,458. The white population constitutes 65% of the total, with significant representation from other racial groups, including Black (16%) and Hispanic (7%) communities.
Over the past decade, this zip code has maintained its "White Majority" status while showing a trend towards increased diversity. The white population decreased from 68% in 2013 to 65% in 2022, while the Black population increased from 11% to 16%. The Asian population remained relatively stable between 5-8%, and the Hispanic population increased slightly from 6% to 7%. The "Two or More Races" category grew significantly from 3% in 2013 to 8% in 2022.
The median household income in the area has shown an overall upward trend, increasing from $68,134 in 2013 to $72,458 in 2022, with a peak of $85,598 in 2021. This economic growth correlates with the increasing diversity. The population grew steadily from 24,942 in 2013 to 26,510 in 2022, indicating the area's attractiveness to new residents.
The trend towards increased diversity in this zip code aligns with broader national trends of growing diversity in suburban areas. The median household income in this area ($72,458 in 2022) is likely above the national average, suggesting it is an economically prosperous community. The growth in the multi-racial population category is particularly noteworthy and reflects a national trend of increasing multi-racial identifications.
In conclusion, while Minnetonka's 55343 zip code remains a "White Majority" area, it is showing clear signs of transitioning towards greater diversity. This demographic shift, coupled with overall economic growth, suggests a dynamic community adapting to changing social and economic landscapes. The area's ability to maintain economic prosperity while becoming more diverse could make it an interesting case study in successful community integration and economic development.
