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Demographics
Population
Median Income
Racial Distributions
The zip code 55373 in Greenfield, Minnesota, represents a community with low diversity. As of 2022, the racial composition shows a white majority, with 91% of the population identifying as white. The median income of $85,219 in 2022 indicates an upper-middle-class community, significantly above the national median income.
Over the past decade, Greenfield has consistently maintained its status as a white majority community with low diversity. The percentage of white residents has remained above 90% throughout the observed period, with only minor fluctuations. However, there are subtle signs of increasing diversity, albeit at a slow pace.
From 2013 to 2022, a slight decrease in the white population from 95% to 91% is observed. This gradual change suggests the beginnings of a potential transitional community, though the pace of change is very slow. The community has seen small increases in Asian, Black, and multiracial populations, each growing from negligible percentages to about 2-3% by 2022.
The Hispanic population has remained relatively stable, fluctuating between 1-3% over the decade. These changes, while small, indicate a trend towards slightly increased diversity, though the community remains firmly in the low diversity category.
The median income in Greenfield has shown a general upward trend over the past decade, rising from $80,822 in 2013 to $85,219 in 2022, an increase of about 5.4%. This growth in median income suggests a stable and prosperous community.
The highest median income was recorded in 2021 at $88,777, followed by a slight decrease in 2022. This recent fluctuation could be attributed to various factors, including economic changes related to the COVID-19 pandemic and its aftermath.
The population has remained relatively stable, fluctuating between about 4,400 and 4,800 residents over the decade. This stability in population, combined with the gradual increase in median income, suggests a community that is economically robust and attractive to residents, potentially limiting rapid demographic changes.
The demographic makeup of Greenfield stands in contrast to national trends towards increasing diversity. While the United States as a whole has been moving towards greater racial and ethnic diversity, with many urban and suburban areas becoming more heterogeneous, Greenfield has maintained its predominantly white composition.
The median income in Greenfield is significantly higher than the national median, which was around $70,784 in 2021. This economic prosperity may contribute to the stability of the community's demographic composition, potentially making it more challenging for new, diverse residents to enter the community due to high housing costs.
The slow pace of diversification in Greenfield could be attributed to various factors, including its suburban/rural nature, limited job market diversity, or housing policies. However, the subtle increases in minority populations suggest that broader national trends towards diversity are beginning to influence even this predominantly white community, albeit at a much slower rate than in many other parts of the country.
In conclusion, while Greenfield remains a white majority, low diversity community, there are early signs of a gradual shift towards greater diversity. This change is occurring against a backdrop of economic stability and growth, suggesting that any demographic transitions are likely to be gradual and potentially influenced by broader economic factors.