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Demographic Analysis of Zip Code 56151: Racial Composition and Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 56151 in Lake Wilson, Minnesota, is classified as having Low Diversity as of 2022. The population is predominantly white, with 87% identifying as such. The median income for 2022 was $63,454, and the population was 819, showing a decline from previous years.
Lake Wilson has maintained a status of Low Diversity over the past decade, with the white population comprising over 75% of the total throughout this period. There are indications of increasing diversity, albeit subtle. The white population percentage has decreased from 94% in 2013 to 87% in 2022. The Hispanic population has increased from 4% in 2013 to 7% in 2022. The category of "two or more races" has grown from 1% in 2013 to 3% in 2022.
These changes, while not significant enough to alter the community's Low Diversity classification, suggest a slow trend towards increasing diversity. This could potentially categorize Lake Wilson as a Transitional Community, albeit at a very gradual pace.
The median income in Lake Wilson has shown an overall upward trend, increasing from $53,263 in 2013 to $63,454 in 2022. This represents a 19% increase over the decade. There was a significant increase in median income to $72,182 in 2021, followed by a decrease in 2022.
The population has remained relatively stable over the decade, fluctuating between 850 and 880 residents for most years, with a decline to 819 in 2022. This stability in population, combined with the gradual increase in diversity and rising median income, suggests a slowly evolving community economic landscape.
The correlation between demographic shifts and economic trends is not strongly apparent in this data. The gradual increase in diversity has occurred alongside a general increase in median income, which could suggest that the community has been attracting a more diverse population while also experiencing economic growth.
The gradual increase in diversity aligns with broader national trends of increasing diversity in many American communities. The overall increase in median income over the decade is a positive economic indicator. The stability in population, with a recent decline, could be indicative of broader trends affecting small towns in rural America. The persistent Low Diversity categorization suggests that Lake Wilson may be changing more slowly than some other parts of the country in terms of racial demographics.
Lake Wilson remains a predominantly white, low-diversity community, but there are subtle signs of demographic change and economic growth. The community appears to be in the early stages of a transition towards greater diversity, coupled with overall positive economic development as reflected in rising median incomes. The recent population decline and drop in median income in 2022 may warrant attention to ensure the continuation of positive trends in the future.
