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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 56116 in Beaver Creek, Minnesota, is categorized as a "Low Diversity" community with a "White Majority". The racial composition shows 94% of the population identifying as white, with minimal representation from other racial groups. The median income for 2022 was $70,443, and the population stood at 750 residents.
Over the past decade, Beaver Creek has consistently maintained its status as a "Low Diversity" community with a "White Majority". The white population has remained above 90% throughout the period from 2013 to 2022, with only minor fluctuations. The Black population showed a slight increase from 2013 to 2019 (3% at its peak) but decreased to 0% by 2022. The Hispanic population, while still small, has shown a gradual increase from 0% in 2013 to 4% in 2022. The Asian population has remained consistently at 0% throughout the recorded period. The percentage of individuals identifying as two or more races has fluctuated between 0% and 3%, settling at 2% in 2022.
The median income in Beaver Creek has shown an overall upward trend, rising from $60,837 in 2013 to $70,443 in 2022, an increase of about 15.8% over the decade. A significant jump in median income occurred between 2020 and 2021, rising from $70,321 to $77,548, before slightly decreasing in 2022. This economic growth has occurred alongside the subtle demographic shifts, particularly the small increase in the Hispanic population.
The population has remained relatively stable, fluctuating between 704 and 780 residents over the decade, with no clear trend of growth or decline.
The racial composition of Beaver Creek is significantly less diverse than the national average. As of 2022, the U.S. Census Bureau estimated that the white non-Hispanic population made up about 59% of the national population, compared to 94% in Beaver Creek. The median household income in Beaver Creek ($70,443 in 2022) is above the national median household income, which was approximately $70,784 in 2021. The very gradual increase in diversity, particularly in the Hispanic population, aligns with broader national trends of increasing diversity in rural and small-town America, albeit at a much slower pace in Beaver Creek.
While Beaver Creek remains a "Low Diversity" community with a strong "White Majority", there are subtle indications of very gradual demographic shifts. These changes, coupled with a general trend of increasing median income, suggest a community that is experiencing slow but steady economic growth while maintaining its traditional demographic composition. The community appears to be resistant to rapid demographic change but is not entirely immune to the broader national trends of increasing diversity.