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Demographics
Population
Median Income
Racial Distributions
The zip code 56533 in Elizabeth, Minnesota, is classified as having "Low Diversity" as of 2022. The population is predominantly white, with 89% identifying as such. The current median income is $78,332, and the population has increased to 225 residents.
Over the past decade, Elizabeth has maintained its "Low Diversity" status, with the white population consistently comprising over 75% of the total. There are indications of a gradual increase in diversity. The white population percentage has decreased from 96-97% in 2014-2017 to 89% in 2022. The Hispanic population has increased from 1-2% in earlier years to 5% in 2022. The "Two or More Races" category has grown from 1% in earlier years to 3% in 2022.
The median income in Elizabeth has fluctuated over the past decade. From 2013 to 2018, there was a steady increase in median income from $58,991 to $84,005. After peaking in 2018, the median income experienced a slight decline, stabilizing around $78,000-$82,000 in recent years.
These economic trends correlate somewhat with the subtle demographic shifts. The period of increasing diversity (2018-2022) coincides with a slight decrease in median income from its peak. However, despite this recent decline, the overall median income remains substantially higher than it was at the beginning of the decade.
Population figures show a U-shaped trend, decreasing from 213 in 2010 to a low of 184 in 2017, then rebounding to 225 in 2022. This recent population growth aligns with the period of increasing diversity, suggesting that new residents may be contributing to the community's gradual diversification.
The trend towards increased diversity, albeit slow, aligns with broader national trends of growing diversity in many American communities. The median income in Elizabeth ($78,332 in 2022) is likely above the national average, suggesting a relatively affluent community. The population growth in recent years, while modest in absolute numbers, represents a significant percentage increase for this small community and may indicate improving economic opportunities or quality of life factors attracting new residents.
Elizabeth remains a "Low Diversity" community, but subtle demographic shifts and economic fluctuations over the past decade suggest a community in the early stages of transition. These changes, though gradual, may have implications for local services, community dynamics, and future development plans. Continued monitoring of these trends will be crucial for understanding the long-term trajectory of this small Minnesota city.