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Demographics
Population
Median Income
Racial Distributions
The 85023 zip code in Phoenix, Arizona, is classified as a "Moderate Diversity" area with a White Plurality as of 2022. The white population comprises 55% of the total, while the Hispanic population represents 28%. Over the past decade, this area has undergone gradual demographic changes, transitioning from a clear White Majority to its current more diverse composition. The area has experienced fluctuations in median income, with a notable increase in recent years.
The area has transitioned from a White Majority to a White Plurality. In 2013, 68% of the population identified as white, which decreased to 55% by 2022. Concurrently, the Hispanic population increased from 21% in 2013 to 28% in 2022, contributing significantly to the area's growing diversity. Other minority groups have also seen modest increases, with the Asian population growing from 2% to 5%, the Black population from 3% to 8%, and the multiracial population from 2% to 4%.
The consistent growth in Hispanic, Asian, and multiracial populations over the past decade indicates that this area can be classified as a "Transitional Community," moving towards greater diversity. The median income has shown significant variability, ranging from a low of $56,341 in 2013 to a high of $72,299 in 2021, before settling at $62,752 in 2022.
The population has grown from 32,927 in 2013 to 34,516 in 2022, a modest increase of about 4.8%. This growth coincides with periods of economic improvement, suggesting a possible correlation between population increase and economic opportunity. The sharp decline in median income from 2021 to 2022 (from $72,299 to $62,752) may indicate recent economic challenges, possibly related to broader economic trends or local factors.
The trends observed in this zip code align with broader national patterns of increasing diversity in urban and suburban areas. The growth in Hispanic and Asian populations is consistent with national demographic shifts seen in many U.S. cities. The economic fluctuations, particularly the recent decline in median income, may reflect broader economic challenges faced by many communities in the aftermath of the COVID-19 pandemic and subsequent economic recovery efforts.
The 85023 zip code in Phoenix is undergoing a gradual but significant demographic transition, moving from a predominantly white area to a more diverse community. This shift is accompanied by economic fluctuations that may be influenced by both local factors and broader national trends. The area's evolution towards greater diversity may present both opportunities and challenges for community cohesion and economic development in the coming years.