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Demographic Analysis of Zip Code 74640: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 74640 in Hunter, Oklahoma, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The racial composition shows 84% of the population identifies as white, exceeding the 75% threshold for low diversity. The area has experienced demographic shifts over the past decade, along with changes in median income and population size.
From 2013 to 2022, Hunter maintained its "White Majority" status. The white population percentage decreased from 91% in 2013 to 84% in 2022. The Hispanic population increased from 2% to 6%, and the "Two or More Races" category grew from 2% to 7% during this period. These changes indicate a gradual shift towards slightly more diversity, although not substantial enough to change the community's "Low Diversity" classification.
The median income in Hunter increased significantly over the past decade. In 2013, the median income was $56,817, rising to $79,282 by 2022, representing a 39.5% growth over nine years. The peak median income was observed in 2021 at $88,223, before slightly decreasing in 2022. This income growth suggests improving economic conditions for residents.
Population trends have been relatively stable, with some fluctuations. The population was 526 in 2013 and 523 in 2022, showing overall stability. There were variations, with the lowest point at 466 in 2020 and the highest at 545 in 2019. The stability in population, combined with increasing income levels, might indicate that while the area is not rapidly growing, it is becoming more prosperous.
The trend of slowly increasing diversity in Hunter aligns with broader national trends of growing diversity in many rural and suburban areas. The significant increase in median income outpaces typical national wage growth rates, suggesting that Hunter may be experiencing stronger economic growth than many comparable small towns. The stability in population size, despite increasing incomes, might indicate limited housing availability or a preference for maintaining the current community size among existing residents.
Hunter, while remaining a "Low Diversity" community with a strong "White Majority," shows signs of gradual demographic shifts and significant economic improvement over the past decade. These trends suggest a slowly evolving community that is becoming more prosperous while maintaining its core demographic character. The community may face future challenges in balancing its traditional makeup with the potential for increased diversity driven by economic opportunities.
