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Demographic Analysis of Zip Code 55381: Predominantly White Community with Minimal Diversity Increase
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 55381 in Silver Lake, Minnesota, is classified as a Low Diversity area as of 2022. The population is predominantly white, comprising 91% of the residents. The median income for 2022 was $69,326, showing a slight decrease from the previous year but maintaining an overall upward trend over the past decade. The population has remained relatively stable, with approximately 2,000 residents throughout the analyzed period.
Over the past decade, Silver Lake has consistently maintained its status as a Low Diversity community. The white population has remained the overwhelming majority, never falling below 91% during the observed period. However, there are subtle indications of a gradual shift towards slightly increased diversity. The white population percentage has decreased from 97% in 2013 to 91% in 2022. The Hispanic population has fluctuated but shows a general upward trend, from 2% in 2013 to 4% in 2022. The percentage of individuals identifying as two or more races has increased from 0% in 2013 to 5% in 2022.
These changes are minimal and do not alter the overall Low Diversity categorization. They suggest a slow trend towards a slightly more diverse community. This could potentially indicate the early stages of a Transitional Community, though the change is not yet significant enough to fully qualify for this category.
The median income in Silver Lake has shown an overall positive trend. It increased from $62,008 in 2013 to $69,326 in 2022, representing an 11.8% increase over the decade. There were some fluctuations, with a notable dip to $56,615 in 2015, followed by a recovery and peak of $72,421 in 2019. The most recent years (2020-2022) show a slight decline from the 2019 peak but remain higher than the earlier years of the decade. The population has remained relatively stable, with minor fluctuations between 1,935 and 2,115 residents over the decade. This stability, combined with the gradual income increase, suggests a relatively steady economic environment.
The gradual increase in diversity, albeit small, aligns with broader national trends of increasing diversity in many communities across the United States. The overall increase in median income over the decade is positive, potentially indicating economic growth or stability in the area. The stability in population suggests that Silver Lake isn't experiencing rapid growth or decline, which can be seen as a positive factor for community stability but may also indicate limited economic expansion.
Silver Lake remains a Low Diversity community with a strong white majority. There are subtle signs of increasing diversity and overall economic improvement over the past decade. These changes, while minor, could be the beginning of a longer-term trend towards a more diverse and economically robust community. However, the pace of change is slow, and it would likely take many more years of consistent trends to significantly alter the demographic makeup of the area.
