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Demographic Analysis of Zip Code 98662: Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 98662 in Five Corners, Washington, is classified as a "White Majority" area as of 2022, with 76% of the population identifying as white. The community shows increasing diversity, with Hispanic (9%), Asian (6%), and multiracial (6%) populations representing significant minority groups. The median income in 2022 was $76,475, indicating a relatively affluent area with a slight decrease from the previous year.
Over the past decade, Five Corners has maintained its "White Majority" status while trending towards increased diversity. The white population decreased from 81% in 2013 to 76% in 2022, suggesting a gradual shift in racial composition. This trend indicates a potential transition towards a "Moderate Diversity" classification in the future if current patterns continue.
The Hispanic population experienced the most significant growth, increasing from 6% in 2013 to 9% in 2022. The Asian population grew steadily from 4% to 6% during the same period. The percentage of residents identifying as two or more races increased from 4% to 6%. These changes suggest that Five Corners could be classified as a "Transitional Community," with consistent increases in minority populations over the observed period.
The median income in Five Corners has grown considerably over the past decade, rising from $63,982 in 2013 to $76,475 in 2022, an increase of about 19.5%. This growth in median income correlates with the increasing diversity of the area, suggesting that the influx of new residents may be contributing to economic growth. There was a significant spike in median income in 2021 to $82,693, followed by a decrease in 2022. This fluctuation could be related to broader economic factors such as the COVID-19 pandemic and its aftermath.
The population has grown steadily from 34,431 in 2013 to 38,017 in 2022, an increase of about 10.4%. This population growth, combined with increasing diversity and rising median incomes, suggests that Five Corners is an attractive area for new residents from various backgrounds.
The trends observed in Five Corners align with broader patterns seen in many suburban areas across the United States. Many suburbs have experienced increasing diversity over the past decade, often accompanied by population growth and rising incomes. The gradual shift towards greater diversity, while maintaining a white majority, is common in many transitioning suburban communities. The steady increase in median income suggests that this demographic diversification is occurring alongside economic growth, which can be indicative of a healthy, growing community.
The recent dip in median income from 2021 to 2022 may reflect broader economic challenges faced nationwide, such as inflation and economic uncertainty following the COVID-19 pandemic. Five Corners represents a "Transitional Community" with a "White Majority" that is gradually moving towards greater diversity. This demographic shift, coupled with overall positive economic trends, suggests a dynamic and evolving community that may continue to see changes in its racial and economic makeup in the coming years.
