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Demographics
Population
Median Income
Racial Distributions
Zip code 75489 in Tom Bean, Texas, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The population is 85% white and 10% Hispanic. The median income for 2022 was $74,894, representing a significant increase from the previous year.
Over the past decade, Tom Bean has maintained its status as a "Low Diversity" area with a strong "White Majority". However, subtle signs of a potential "Transitional Community" are emerging. The white population has decreased from 94% in 2013 to 85% in 2022, while the Hispanic population has increased from 5% in 2013 to 10% in 2022. The "Two or More Races" category has generally increased from 1% in 2013 to 3% in 2022. These changes suggest a slow trend towards increased diversity, though the community remains predominantly white.
The median income in Tom Bean has shown considerable volatility over the past decade. From 2013 to 2020, it fluctuated between $51,882 and $64,401. In 2021, there was a sharp decline to $39,910, possibly due to economic impacts of the COVID-19 pandemic. In 2022, the median income rebounded to $74,894, the highest in the observed period.
This economic volatility does not show a clear correlation with the gradual demographic shifts. However, the recent surge in median income coincides with a slight decrease in population (from 167 in 2021 to 153 in 2022), which could indicate a change in the community's composition, possibly attracting higher-income residents.
The persistent "Low Diversity" status of Tom Bean contrasts with the broader trend of increasing diversity seen in many parts of Texas and the United States. The dramatic income increase in 2022 outpaces typical wage growth rates, suggesting a significant local economic event or change in community composition. The small population size (153 in 2022) makes the area more susceptible to rapid demographic and economic changes compared to larger urban areas.
Tom Bean remains a "Low Diversity" area with a strong "White Majority", but there are early indicators of a potential transition towards greater diversity. The economic situation appears volatile, with recent trends suggesting potential gentrification or significant local economic developments. These changes may have implications for local services, housing, and community dynamics in the coming years.