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Demographic Analysis of Zip Code 55920: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 55920 in Byron, Minnesota, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The racial composition indicates that 91% of the population identifies as white, with minimal representation from other racial groups. The median income in 2022 was $105,962, suggesting an affluent community with income levels above the national median.
Over the past decade, Byron has maintained its "Low Diversity" status with a "White Majority". However, subtle signs of increasing diversity are evident. The white population percentage decreased from 98% in 2015 to 91% in 2022. The Asian population increased from 0% to 3%, and the Hispanic population grew from 1% to 3% during the same period. The percentage of individuals identifying as two or more races doubled from 1% to 2% between 2015 and 2022.
These demographic shifts correlate with significant economic growth. The median income increased from $83,242 in 2015 to $105,962 in 2022, representing a 27% increase over seven years. The population grew from 7,108 in 2015 to 8,352 in 2022, a 17.5% increase. This economic growth may be attracting a more diverse population, albeit slowly.
The demographic composition of Byron is less diverse than many urban areas in the United States but may be representative of smaller Midwestern cities. The median income is significantly higher than the national average, which could be attracting new residents but also potentially pricing out some lower-income groups, possibly slowing diversity growth. The gradual increase in diversity, though small, aligns with broader national trends of increasing racial and ethnic diversity in suburban and rural areas.
Byron remains a "Low Diversity" area with a strong "White Majority". There are early indications of a slow transition towards greater diversity. This change is occurring alongside significant economic growth, suggesting that the area is attracting new residents, potentially due to economic opportunities. The pace of diversification is slow, and it may take many years before the community could be reclassified into a different diversity category. The high median income and consistent economic growth may continue to shape the demographic evolution of this community in the coming years.
