The zip code 56523 in Climax, Minnesota, is categorized as a "Low Diversity" community as of 2022. The population is predominantly white, comprising 86% of the total. Other racial groups have a small but growing presence. The median income for this zip code in 2022 was $85,202, indicating a significant increase over the past decade.

Over the past decade, Climax has maintained its status as a "Low Diversity" community. The white population has decreased from 93% in 2013 to 86% in 2022. The Hispanic population has increased from 5% in 2013 to 6% in 2022. The category of two or more races has grown from 0% in 2013 to 4% in 2022. These changes indicate a slow transition towards increased diversity, although not rapid enough to categorize it as a "Transitional Community".

The demographic shifts correlate with economic changes. The median income has increased from $62,164 in 2013 to $85,202 in 2022, representing a 37% growth over nine years. The population has remained relatively stable, with a slight decrease from 549 in 2013 to 554 in 2022. The increase in median income alongside the slight increase in diversity suggests that the community may be attracting more affluent residents from diverse backgrounds.