Demographic Analysis of Zip Code 72023: Predominantly White Population with Slight Diversity Increase
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
The zip code 72023 in Cabot, Arkansas, is categorized as having "Low Diversity" as of 2022. The area is predominantly white, with 86% of the population identifying as such. The current median income is $66,659, and the population has grown to 36,376.
Over the past decade, Cabot has remained consistently in the "Low Diversity" category, with the white population maintaining a significant majority. However, there are subtle signs of increasing diversity. The white population has decreased slightly from 91% in 2013 to 86% in 2022. There has been a small but steady increase in the Hispanic population, from 4% in 2013 to 5% in 2022. The Black population has grown from 1% to 3% over the same period. The Asian population and those identifying as two or more races have also seen slight increases.
The median income in Cabot has shown overall growth, rising from $63,049 in 2013 to $66,659 in 2022, with some fluctuations in between. There was a significant spike in 2021 to $72,649 before dropping back down in 2022. This general upward trend in income correlates with the gradual increase in diversity. The population has also grown steadily from 33,480 in 2013 to 36,376 in 2022, a nearly 9% increase.
Cabot is becoming more diverse, but it still lags behind national trends. The U.S. as a whole has been moving towards greater diversity, with many urban and suburban areas experiencing more rapid demographic shifts. The slow pace of change in Cabot suggests it may be a more conservative or traditional community, possibly reflecting broader trends in Arkansas or similar mid-sized cities in the South.
The steady increase in median income and population growth indicates that Cabot is economically healthy and attractive to new residents. This economic stability may be a factor in the gradual demographic changes, as economic opportunities often drive population shifts and increased diversity.
While Cabot remains a "Low Diversity" community, there are signs of slow but steady demographic changes. These shifts, coupled with economic growth, suggest that the area may be in the early stages of a longer-term transition towards greater diversity. However, the pace of change is gradual, and it may take many more years before the community moves into a different diversity category as defined by the library of terms.
