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Demographics
Population
Median Income
Racial Distributions
Zip code 78731 in Austin, Texas, represents a Low Diversity community with a White Majority. As of 2022, the white population comprises 75% of the area's residents. The zip code is characterized by high median incomes, with the 2022 figure at $114,356. This area has experienced subtle demographic shifts over the past decade, trending towards slightly increased diversity.
Over the past decade, zip code 78731 has maintained its status as a White Majority area, but with a gradual trend towards increased diversity. In 2013, the white population constituted 79% of residents. By 2022, this percentage had decreased to 75%. The most significant changes in racial composition include an increase in the Hispanic population from 9% in 2013 to 13% in 2022, a slight increase in the Asian population from 7% in 2013 to 8% in 2022, and an increase in residents identifying as two or more races, from 1% in 2013 to 3% in 2022.
The median income in zip code 78731 has shown an overall upward trend over the past decade. From $99,982 in 2013, it rose to $114,356 in 2022. This represents a 14.4% increase over the decade. The population has also grown moderately, from 26,445 in 2013 to 27,122 in 2022, an increase of about 2.6%.
The correlation between economic and demographic trends indicates that as the area has become more affluent, it has also become slightly more diverse. This could suggest that the increasing prosperity of the zip code is attracting a more diverse, yet still predominantly high-income, population.
The demographic shifts in 78731, though gradual, align with broader national trends towards increased diversity in urban and suburban areas. The high median income and its growth over the decade likely outpace national averages, indicating that this zip code represents a particularly affluent area within Austin and possibly within Texas as a whole. The slight increase in diversity, particularly in Hispanic and Asian populations, may reflect broader demographic changes in Texas and the Southwest United States, where these populations have been growing.
In conclusion, while zip code 78731 remains a predominantly white, high-income area, it shows signs of gradual diversification. This trend, if continued, may eventually transition the area from Low Diversity to Moderate Diversity, reflecting broader national demographic shifts but at a slower pace due to the area's high economic barriers to entry.