Loading Content...
Demographic Analysis of Zip Code 55390: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 55390 in Waverly, Minnesota, is classified as a "Low Diversity" community with a "Racial Majority" as of 2022. The population is predominantly white (83%), with a median household income of $84,843. Over the past decade, this community has experienced demographic shifts and economic growth.
From 2013 to 2022, Waverly maintained its status as a "Low Diversity" community with a "White Majority." The white population decreased from 93% in 2013 to 83% in 2022. The Hispanic population increased from 5% in 2013 to 11% in 2022. The "Two or More Races" category increased from 0% in 2013 to 4% in 2022. These trends suggest that Waverly may be in the early stages of becoming a "Transitional Community."
The demographic shifts in Waverly correlate with economic growth. Median household income increased from $59,857 in 2013 to $84,843 in 2022, representing a 41.7% growth over nine years. The population grew from 3,278 in 2013 to 3,822 in 2022, a 16.6% increase. This economic growth and population increase may be attracting a more diverse population to the area, contributing to the gradual demographic shifts observed.
Waverly remains less diverse than many urban areas in the United States. Its gradual diversification aligns with broader national trends of increasing diversity in suburban and rural communities. The growth in the Hispanic population mirrors national patterns, as Hispanics have been one of the fastest-growing demographic groups in the U.S. over the past decade.
The increase in median household income (41.7% over nine years) outpaces the national average and suggests strong economic opportunities in the area. This economic growth may be a key factor in attracting new residents and fostering the observed demographic changes.
Waverly remains a "Low Diversity" community with a strong "White Majority," but shows early signs of transitioning towards greater diversity. The correlation between economic growth and demographic shifts suggests that continued economic prosperity may further accelerate this diversification trend in the coming years. As the community evolves, it will be important to monitor how these changes impact local culture, services, and community dynamics.
