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Demographics
Population
Median Income
Racial Distributions
The zip code 56240 in Graceville, Minnesota, is classified as a "Low Diversity" community as of 2022. The population is predominantly white, comprising 95% of the total. The current median income is $55,421, and the population stands at 804 residents, indicative of a small, rural community.
Over the past decade, Graceville has maintained its status as a "Low Diversity" community. The white population has consistently remained above 95% from 2013 to 2022. Minor demographic shifts include a slight increase in the Hispanic population from 1% in 2013 to 2% in 2022, and the emergence of a Native American population at 1% in 2021 and 2022. Other racial categories have maintained minimal or no representation over the years.
The median income in Graceville has shown a gradual increase over the past decade, rising from $50,946 in 2013 to $55,421 in 2022, representing an 8.8% increase over nine years. The population has remained relatively stable, fluctuating between 774 and 829 residents during this period.
The slight increase in income could be attributed to general economic growth and inflation, possible improvements in local job markets or industries, or potential in-migration of higher-income residents on a small scale. The minor increase in diversity has occurred alongside this modest economic growth, though a clear causal relationship is difficult to establish given the small scale of both changes.
The demographic composition of Graceville (95% white) is significantly less diverse than the national average, which reported a white alone, not Hispanic or Latino population of 60.1% in 2020. The median household income in Graceville ($55,421 in 2022) is lower than the national median of $70,784 in 2021. The very slow pace of diversification in Graceville contrasts with broader national trends of more rapid demographic changes.
In conclusion, Graceville exhibits signs of very gradual economic growth and minimal diversification, but remains a predominantly white, low-diversity community with income levels below the national average. The community's demographic and economic evolution over the past decade has been characterized by stability rather than significant change, possibly reflecting its rural nature and limited exposure to broader national demographic shifts.