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Demographic Analysis of Zip Code 74055: Low Diversity and White Majority
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 74055 in Owasso, Oklahoma, is categorized as having "Low Diversity" with a clear white majority as of 2022. The community has a population of 45,813 and a median income of $79,808. This area has experienced steady population growth over the past decade, with a relatively stable racial composition dominated by the white population.
Throughout the analyzed period (2013-2022), Owasso has consistently maintained a "Low Diversity" categorization. The white population has remained the dominant racial group, constituting over 70% of the total population each year. However, there has been a slight but noticeable decrease in the white population percentage, from 76% in 2013 to 72% in 2022. This gradual decline suggests a slow trend towards increased diversity, though not enough to shift the community into a different category.
Other racial groups have shown minimal changes: The Black population increased slightly from 2% to 3%. The Hispanic population remained stable at around 6-7%. The Asian population held steady at 2%. The Native American population showed a slight increase from 6% to 7%. The Two or More Races category increased from 6% to 7%. While these changes are small, they collectively contribute to a gradual diversification of the community, potentially indicating the beginning of a "Transitional Community" phase, albeit at a very slow pace.
The median income in Owasso has shown fluctuations but an overall upward trend from $77,185 in 2013 to $79,808 in 2022. This represents a modest increase of about 3.4% over nine years. The community has maintained a relatively high median income throughout this period, consistently above $75,000. Notably, there was a significant drop in median income in 2020 to $78,462, likely due to the economic impacts of the COVID-19 pandemic. However, the community showed resilience with a quick recovery in 2021, reaching a peak of $84,063 before slightly declining again in 2022.
The population has grown steadily from 38,415 in 2013 to 45,813 in 2022, an increase of about 19.3%. This population growth, combined with the generally high and stable median income, suggests that Owasso has remained an attractive place to live, potentially drawing new residents from diverse backgrounds.
Owasso's racial composition is less diverse than many urban areas in the United States, which have been trending towards greater diversity over the past decade. The median income in Owasso is notably higher than the national median household income, which was around $70,784 in 2021. This suggests that Owasso is a relatively affluent community. The steady population growth in Owasso aligns with broader trends of suburban growth in many parts of the United States, as people seek communities with good economic opportunities and quality of life.
While Owasso remains a predominantly white, low-diversity community, there are subtle signs of increasing diversity. The area's economic stability and population growth may continue to attract a more diverse population in the future, potentially accelerating the slow transition towards greater diversity. However, significant changes in the community's demographic makeup would likely occur over a longer time frame unless there are major economic or policy shifts that could accelerate this process.
