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Demographic Analysis of Zip Code 62550: Predominantly White Population with Minimal Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 62550 in Moweaqua, Illinois, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The racial composition indicates 95% of the population identifies as white, with minimal representation from other racial groups. The median income for this area in 2022 was $68,002, showing a moderate increase over the past decade.
Over the past decade, this zip code has consistently maintained its "Low Diversity" status with a "White Majority". From 2013 to 2022, the white population has remained above 95%, with only slight fluctuations. There are subtle signs of a very slow transition towards slightly increased diversity. The Hispanic population increased from 0% in 2013 to 2% in 2022. The Black population showed a slight increase from 0% to 1% between 2013 and 2022. The Native American population, previously unreported, registered at 1% in 2021 and 2022.
The median income in this zip code has shown a general upward trend over the past decade. In 2013, the median income was $57,483. By 2022, it had increased to $68,002, representing an 18.3% increase over nine years. This economic growth appears to have occurred alongside the subtle demographic shifts, possibly indicating that the area's economic opportunities may be attracting a slightly more diverse population.
This zip code has remained relatively stable in its racial composition. The slow pace of diversification in this community contrasts with more rapid changes seen in many urban and suburban areas across the United States. The economic growth in this zip code, with an 18.3% increase in median income over nine years, is notable. This growth rate outpaces inflation for the same period, suggesting real economic gains for the community. This trend aligns with broader patterns of economic recovery and growth following the 2008 recession.
In conclusion, while the zip code 62550 in Moweaqua, Illinois, remains a "Low Diversity" area with a strong "White Majority", there are subtle indications of very slow demographic shifts. These changes, coupled with steady economic growth, may suggest the beginnings of a long-term transition. However, any significant demographic changes would likely occur over a much longer timeframe if current trends continue. The community's economic growth is a positive indicator, potentially positioning it to attract more diverse residents in the future, though this remains speculative based on the current data.
