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Demographic Analysis of Zip Code 56024: Predominantly White Population with Low Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 56024 in Eagle Lake, Minnesota, is characterized by low diversity with a white majority as of 2022. The racial composition indicates 88% of the population identifies as white, exceeding the 75% threshold for low diversity. The median income for 2022 was $77,387, and the population was 2,719.
Eagle Lake has maintained its status as a white majority community with low diversity over the past decade. The white population percentage has decreased slightly from 92% in 2015 to 88% in 2022. The "Two or More Races" category has increased from 0% in 2015 to 5% in 2022. The Hispanic population has increased from 2% in 2015 to 4% in 2022. These changes suggest a trend towards a slightly more diverse population.
The median income in Eagle Lake has grown significantly over the past decade. From 2013 to 2022, median income increased from $66,523 to $77,387, a rise of about 16%. There was a notable increase in median income between 2019 ($72,776) and 2020 ($83,079), followed by a peak in 2021 ($87,374) before a slight decline in 2022. This upward trend in median income correlates with the gradual increase in population, which grew from 2,211 in 2013 to 2,719 in 2022, a 23% increase.
The economic growth may be attracting a more diverse population, as evidenced by the slight increases in Hispanic and multiracial residents. This could be the beginning of a long-term trend towards greater diversity, though the community remains predominantly white.
The trend of increasing diversity, even if slow, aligns with broader national trends of growing diversity in many American communities. The significant income growth in Eagle Lake, especially the sharp increase from 2019 to 2021, may reflect broader economic trends related to the COVID-19 pandemic and its aftermath. The community's continued low diversity despite economic growth suggests it may be somewhat isolated from larger demographic shifts seen in more urban or rapidly growing areas.
While Eagle Lake remains a low diversity, white majority community, subtle demographic shifts and strong economic growth over the past decade suggest potential for more significant changes in the future. The community appears to be in the early stages of a transition, balancing economic prosperity with gradual demographic diversification.
