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Demographic Analysis of Zip Code 56448: Predominantly White Population in Fifty Lakes, Minnesota
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 56448 in Fifty Lakes, Minnesota, is classified as having Low Diversity as of 2022. The white population comprises 97% of the total, meeting the criterion for one racial group dominating with over 75% of the population. The current median income is $53,633, and the population stands at 488 people.
Fifty Lakes has maintained its status as a Low Diversity community over the past decade. From 2013 to 2022, the white population has consistently remained above 95%, indicating minimal change in racial composition. There are slight indications of a Transitional Community emerging, albeit at a very slow pace. The percentage of residents identifying as two or more races has increased from 0% in 2013 to 3% in 2022, suggesting a gradual shift towards slightly more diversity.
The Hispanic population has shown a minor increase from 0% in 2013 to 1-2% in recent years. This slow change hints at the potential for future demographic shifts, though the community remains overwhelmingly white.
The median income in Fifty Lakes has fluctuated significantly over the past decade. From 2013 to 2019, there was a steady increase from $41,862 to $48,447. In 2020 and 2021, there was a substantial increase to $71,111 and $73,319 respectively, before decreasing to $53,633 in 2022. These economic shifts do not appear to correlate strongly with the minimal demographic changes observed.
The population has remained relatively stable, fluctuating between 401 and 503 residents over the decade. This stability in population, combined with the consistent racial composition, suggests that economic changes are likely driven by factors other than demographic shifts.
The demographic makeup of Fifty Lakes contrasts with national trends towards increasing diversity. While many urban and suburban areas across the United States have seen significant increases in racial diversity over the past decade, this zip code has maintained its homogeneous composition.
The economic fluctuations, particularly the sharp increase and subsequent decrease in median income between 2020 and 2022, may reflect broader economic trends related to the COVID-19 pandemic and its aftermath.
Fifty Lakes shows early signs of potentially becoming a Transitional Community, but the pace of change is extremely slow. The community remains characterized by Low Diversity, with economic trends that appear more influenced by external factors than by demographic shifts.
