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Demographics
Population
Median Income
Racial Distributions
Zip code 99037 in Spokane Valley, Washington, is classified as having "Low Diversity" as of 2022. The area's population is predominantly white, comprising 84% of the total. The current median income is $76,744, and the population has reached 15,381 residents.
Over the past decade, this zip code has maintained its "Low Diversity" status, although there are indications of a gradual shift towards becoming a "Transitional Community." The white population's share has decreased from 89% in 2013 to 84% in 2022, while other racial groups have shown increases. The Hispanic population grew from 4% to 7%, and those identifying as two or more races increased from 2% to 4% during this period.
The median income in this zip code has shown moderate growth over the past decade, increasing from $74,861 in 2013 to $76,744 in 2022, representing a 2.5% increase over nine years. This growth rate is below the rate of inflation, suggesting a slight decline in real purchasing power for residents. The population has grown significantly during this period, from 11,546 in 2013 to 15,381 in 2022, a 33% increase.
The demographic shifts observed in this zip code align with broader national trends of increasing diversity in suburban areas. Many U.S. suburbs have been experiencing similar patterns of diversification, particularly with growth in Hispanic and multiracial populations.
The modest income growth in this area is reflective of wider economic trends, where wage growth has often struggled to keep pace with inflation, especially in middle-income suburban areas. The significant population growth suggests that this zip code may be seen as an attractive area for new residents, possibly due to factors such as affordable housing or quality of life considerations.
Zip code 99037 in Spokane Valley remains a predominantly white, low-diversity area, but shows signs of gradual diversification and could be considered a "Transitional Community." The economic indicators suggest a community experiencing significant population growth but facing challenges in terms of real income growth. These trends may continue to shape the area's demographic and economic landscape in the coming years, potentially leading to increased diversity and socio-economic changes.