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Demographic Analysis of Zip Code 88008: A Hispanic Majority Area with Low Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 88008 in Santa Teresa, New Mexico, is classified as a "Hispanic Majority" community with low diversity as of 2022. The area has a population of 6,913 and a median household income of $71,845, which has increased significantly from previous years.
Santa Teresa has maintained its status as a "Hispanic Majority" community over the past decade. The Hispanic population has remained relatively stable, comprising 77% to 80% of the total population between 2013 and 2022. This stability indicates a well-established Hispanic community in the area.
The community has experienced subtle shifts in other racial groups. The white population has gradually declined from 20% in 2013 to 16% in 2022. The Black population has remained small but consistent at 1-2%. The Asian population has shown a slight increase from being unreported in earlier years to 1% in recent years. In 2022, the "two or more races" category appeared at 3%.
The median household income in Santa Teresa has shown an upward trend. From 2013 to 2022, the median income increased from $52,968 to $71,845, a rise of about 35.6%. This growth outpaces inflation, indicating real economic gains for the community. The most significant increase occurred between 2019 and 2020, with income rising from $59,538 to $68,783.
Population growth has been generally positive, increasing from 5,617 in 2013 to 6,913 in 2022, a growth of about 23%. However, there was a decrease from 8,061 in 2020 to 6,923 in 2021. The economic growth coupled with population increase suggests that Santa Teresa has been attracting new residents, possibly due to improving economic opportunities.
The strong Hispanic majority in Santa Teresa is characteristic of many areas in New Mexico. The income growth in Santa Teresa is notable and may outpace national averages. The relatively low diversity compared to national trends might be typical for smaller communities in border states, where Hispanic populations often form strong majorities.
Santa Teresa represents a stable Hispanic-majority community that has experienced significant economic growth over the past decade. While racial diversity remains low, there are slight indications of increasing diversity. The area's economic trajectory suggests a positive outlook for residents, with rising incomes potentially attracting new inhabitants and fostering community development.
