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Demographic Analysis of Zip Code 55427: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 55427 in Golden Valley, Minnesota, had a white majority population of 71% in 2022. The area has shown increasing diversity over the past decade. The median income was $80,962 in 2022, indicating an affluent community.
The area transitioned from low diversity to moderate diversity between 2013 and 2022. The white population decreased from 76% to 71% during this period. Growth occurred in minority populations, with the Hispanic population increasing from 3% to 5% and the "Two or More Races" category growing from 2% to 7%.
The median income increased from $74,799 in 2013 to $80,962 in 2022, representing an 8.2% growth. Income fluctuations occurred, with a peak of $86,599 in 2019 followed by a decline. The population grew from 22,869 in 2013 to 25,914 in 2022, a 13.3% increase.
The trends in this zip code align with broader patterns seen in many suburban areas across the United States. These include increased racial and ethnic diversity in suburbs, income growth in suburban areas, and economic fluctuations related to the COVID-19 pandemic.
Zip code 55427 is undergoing a gradual but significant demographic transition. It is evolving towards greater diversity, particularly with growth in multiracial populations. This demographic shift, coupled with overall income growth and population increase, suggests a dynamic community. The area's evolution reflects broader national trends of increasing suburban diversity and economic resilience, despite recent challenges posed by global events.
