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Demographic Analysis of Zip Code 55418: Predominantly White Population with Subtle Diversity Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 55418 in Minneapolis, Minnesota, is classified as a "White Majority" community with moderate diversity as of 2022. The white population comprises 73% of the total, with other racial groups having significant representation. The median income in 2022 was $78,672, indicating a relatively affluent area.
Over the past decade, this zip code has maintained its "White Majority" status. There have been subtle shifts towards increased diversity. The white population decreased from 75% in 2015 to 73% in 2022. The Black and Hispanic populations have shown small but steady increases, both reaching 9% by 2022. The percentage of individuals identifying as two or more races increased from 3% in 2013 to 5% in 2022.
The median income in this zip code has shown significant growth over the past decade. From 2013 to 2021, there was a substantial increase in median income from $63,246 to $87,250, representing a growth of about 38%. However, there was a decrease in 2022 to $78,672. The population has remained relatively stable, fluctuating between 30,000 and 32,000 throughout the period.
The trend towards increased diversity aligns with broader national trends of increasing racial and ethnic diversity in urban areas. The income growth from 2013 to 2021 outpaces national averages for the same period. The maintenance of a white majority, while slowly declining, is notable in a major urban area like Minneapolis.
Zip code 55418 in Minneapolis presents a picture of a stable, gradually diversifying community with strong economic growth over the past decade. It remains a "White Majority" area, but the slow increases in minority populations suggest a continuing trend towards greater diversity. The economic trajectory has been largely positive, though the recent decrease in median income will be important to monitor. This zip code appears to be navigating demographic changes while maintaining economic strength.
