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Demographic Analysis of Zip Code 68418: Predominantly White Population with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 68418 in Palmyra, Nebraska, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 1,100 and a median household income of $82,702, indicating a relatively affluent suburban or rural setting.
Palmyra has maintained its status as a "Low Diversity" community with a "White Majority" over the past decade. However, there are indications of a slow transition towards increased diversity. The percentage of white residents has decreased from 98% in 2013 to 89% in 2022. The Hispanic population has increased from 0% in 2013 to 6% in 2022. The category of two or more races has grown from 1% in 2013 to 4% in 2022.
The economic trajectory of Palmyra has been positive over the past decade. The median income has increased from $61,881 in 2013 to $82,702 in 2022, representing a growth of about 33.6% over nine years. The population has grown from 923 in 2013 to 1,100 in 2022, an increase of about 19.2%.
The correlation between demographic shifts and economic trends suggests that as the community has become slightly more diverse, it has also become more affluent. This could indicate that the incremental diversity is driven by higher-income individuals from various backgrounds moving into the area.
The demographic shifts in Palmyra, while small, align with broader national trends of increasing diversity in rural and suburban areas, albeit at a much slower pace than many urban centers. The increase in median income (33.6% over nine years) outpaces the national average for wage growth during this period. The population growth (19.2% over nine years) is higher than the national average, indicating that Palmyra is an attractive location for new residents.
Palmyra remains a "Low Diversity" community with a strong "White Majority," but there are early indications of a slow transition towards greater diversity. This gradual change is accompanied by significant economic growth. The coming years will be crucial in determining whether these trends accelerate, potentially shifting the community towards a "Moderate Diversity" classification, or whether they stabilize, maintaining the current demographic makeup.
