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Demographic Analysis of Zip Code 68366: Predominantly White Community with Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 68366 in Greenwood, Nebraska, is classified as a "Low Diversity" community as of 2022. The area is 96% white, a classification that has remained stable over the past decade. The current median income is $85,507, indicating a relatively affluent community.
From 2013 to 2022, Greenwood has consistently maintained its status as a "Low Diversity" community. The white population has remained above 90% throughout this period, with minimal representation from other racial groups. There have been no significant transitions between diversity categories, indicating a stable racial demographic over time.
Minor demographic shifts include a decrease in the Asian population from 3% in 2013 to 0% in 2022, a slight increase in the Hispanic population from 1% to 2%, and the emergence of a "Two or More Races" category, reaching 2% by 2022. These changes suggest a very slow trend towards slightly increased diversity, though not enough to alter the overall classification of the community.
The median income in Greenwood has shown a significant upward trend over the past decade. From $62,362 in 2013, it has increased to $85,507 in 2022, representing a growth of about 37% over nine years. This substantial increase suggests improving economic conditions for the residents. The population has fluctuated, peaking at 1,451 in 2014 and declining to 1,182 in 2022.
The persistent low diversity in Greenwood contrasts with national trends towards increasing diversity in many communities. However, the strong economic growth aligns with broader trends of economic recovery and growth following the 2008 recession. The slight increase in Hispanic population and the emergence of a multi-racial category, while small, reflects broader national trends.
The rising median income, significantly outpacing inflation, suggests that Greenwood may be becoming increasingly attractive to higher-income residents. This trend could potentially lead to gentrification concerns if it continues, potentially pricing out long-term residents of more modest means.
Greenwood remains a low-diversity, predominantly white community, with subtle demographic shifts and significant economic growth. The challenge for local policymakers may be to maintain the economic growth while potentially working towards greater inclusivity and diversity to align more closely with national demographic trends.
