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Demographics
Population
Median Income
Racial Distributions
The zip code 81526 in Palisade, Colorado, is classified as a community with "Low Diversity" as of 2022. The population is predominantly white, with 81% identifying as such. This aligns with the definition of Low Diversity, where one racial group comprises over 75% of the population. The median income in 2022 was $53,994, showing a decrease from the previous year but remaining higher than figures from the early 2010s.
Over the past decade, Palisade has maintained its Low Diversity status. The white population has consistently been the dominant racial group, with percentages ranging from 79% to 84%. The Hispanic population has fluctuated between 9% and 16% over the years, indicating a slight trend towards increased Hispanic representation. The percentage of individuals identifying as two or more races has increased from 1% in 2013 to 3% in 2022, suggesting a gradual shift towards increased diversity.
The median income in Palisade has shown fluctuations over the years. From 2013 to 2016, there was steady growth from $53,876 to $56,044. A slight decline occurred from 2017 to 2020, with the median income decreasing to $54,709. In 2021, there was a significant spike to $70,068, followed by a sharp decline to $53,994 in 2022. These economic shifts do not appear to strongly correlate with the subtle demographic changes observed.
The persistent Low Diversity classification of Palisade contrasts with national trends towards increasing diversity in many urban and suburban areas. The fluctuations in median income, particularly the sharp rise in 2021 followed by a significant drop in 2022, may reflect broader economic volatilities experienced nationwide due to factors such as the COVID-19 pandemic and its aftermath. The gradual increase in the Hispanic population and those identifying as two or more races, while still small, aligns with broader national trends of increasing diversity, albeit at a much slower pace in this community.
Palisade has maintained its status as a Low Diversity community over the past decade. Subtle shifts in its demographic composition hint at the potential for more significant changes in the future. The economic trends, marked by recent volatility, suggest that the community may be facing broader economic challenges that could influence its demographic makeup in the coming years. Continued monitoring of these trends will be crucial to understanding the evolving nature of this community.