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Demographic Analysis of Zip Code 56425: Predominantly White Population in Baxter, Minnesota
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 56425 in Baxter, Minnesota, is classified as having "Low Diversity" as of 2022. The population is predominantly white, with 96% identifying as such. The current median income is $73,649, and the population stands at 7,623.
Over the past decade, Baxter has maintained its "Low Diversity" status, with minor shifts towards increased diversity. In 2013, the white population was 97%, decreasing to 91% by 2019, and rising slightly to 96% in 2022. These changes, while minimal, suggest a slight trend towards increased diversity at a very slow pace.
The median income in Baxter has shown an upward trend over the past decade. In 2013, the median income was $58,166, peaking at $77,139 in 2020, and slightly decreasing to $73,649 in 2022. This represents a 26.6% increase from 2013 to 2022. The population has grown modestly from 6,915 in 2013 to 7,623 in 2022, an increase of about 10.2%.
Baxter's demographic composition differs significantly from national averages. As of 2022, the U.S. Census Bureau estimated that the white population in the United States was about 75.8%, considerably lower than Baxter's 96%. This indicates that Baxter is less diverse than the nation as a whole.
The economic growth in Baxter appears to be slightly below national averages. The U.S. median household income grew from $51,939 in 2013 to $69,717 in 2021, an increase of about 34.2% over eight years. Baxter's growth of 26.6% over nine years, while substantial, is slightly below this national trend.
In conclusion, Baxter remains a "Low Diversity" area with subtle signs of increasing diversity and significant economic growth. These trends suggest a slowly evolving community that may continue to see gradual demographic changes in the coming years, potentially driven by economic opportunities. However, the pace of diversification remains slow compared to national demographics.
