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Demographics
Population
Median Income
Racial Distributions
The zip code 56519 in Borup, Minnesota, is classified as a Low Diversity community as of 2022. The population is predominantly white, comprising 86% of residents. The current median income is $66,108, indicating a moderate economic status for the area.
Over the past decade, Borup has maintained its Low Diversity classification. However, there are indications of increasing diversity. The white population decreased from 96% in 2013 to 86% in 2022. The Hispanic population increased from 2% in 2013 to 6% in 2022. The percentage of individuals identifying with two or more races rose from 1% in 2013 to 5% in 2022. These changes suggest a gradual diversification trend.
The median income in Borup has shown an upward trend, increasing from $50,503 in 2013 to $66,108 in 2022, representing a 30.9% increase over the decade. This income growth has occurred alongside the gradual increase in diversity. The population has decreased from 901 in 2013 to 785 in 2022, a decline of about 12.9%.
The population decline, coupled with income growth, could indicate scenarios such as outmigration of lower-income residents, attraction of higher-income residents to the area, or economic improvements benefiting the remaining population.
The trend of increasing diversity in Borup aligns with broader national trends of growing diversity in many American communities. The income growth in Borup appears to be more substantial than the national average over a similar period. The population decline in Borup contrasts with the overall population growth seen in many urban and suburban areas across the United States.
Borup remains a Low Diversity community but shows signs of gradual transition towards increased diversity. This demographic shift has occurred alongside significant economic growth, as evidenced by rising median incomes. The declining population raises questions about the long-term sustainability of these trends and the overall attractiveness of the area to potential residents. Future years will be crucial in determining whether Borup continues on this path of slow diversification and economic growth, or if other factors will influence its demographic and economic trajectory.