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Demographic Analysis of Zip Code 64034: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 64034 in Greenwood, Missouri, is classified as having "Low Diversity" as of 2022. The population is 88% white, indicating a strong racial majority. The median income in 2022 was $103,605, suggesting an affluent community.
Over the past decade, Greenwood has maintained its "Low Diversity" status. The white population has slightly decreased from 92% in 2013 to 88% in 2022. Notable changes include an increase in the Black population from 1% to 3%, growth in the Hispanic population from 2% to 4%, and the emergence of a "Two or More Races" category, rising from 1% to 3%.
The median income in Greenwood has grown from $84,722 in 2013 to $103,605 in 2022, a 22% increase over nine years. This economic growth has coincided with a population increase from 6,792 in 2013 to 7,647 in 2022.
The correlation between demographic shifts and economic trends is notable. As the community has become slightly more diverse, median incomes have risen significantly. The population growth, while modest, has been steady, indicating a growing appeal of the area.
The median income in Greenwood ($103,605 in 2022) is significantly higher than the national median income, which was around $70,784 in 2021. The area's low diversity contrasts with national trends towards increasing diversity in many urban and suburban areas. However, the slight increase in diversity over the decade aligns with broader national demographic shifts, albeit at a much slower pace.
In conclusion, Greenwood remains a predominantly white, affluent area with low diversity. Subtle demographic shifts and strong economic growth over the past decade suggest the potential for more significant changes in the future. The community appears to be in the early stages of a transition towards greater diversity, though this process is occurring gradually. The correlation between increasing diversity and rising median incomes is a positive indicator for the area's economic health and potential for continued growth and development.
