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Demographic and Economic Trends in Zip Code 10703: Hispanic Plurality and Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The 10703 zip code in Yonkers, New York, as of 2022, is classified as a "Majority-Minority" area with "Moderate Diversity." The Hispanic population constitutes a plurality at 41%, followed by White (34%), Black (19%), and Asian (3%) residents. The median income of $79,977 in 2022 indicates a middle to upper-middle-class economic status for the area.
Over the past decade, this zip code has maintained its "Majority-Minority" status with subtle shifts in demographics. The Hispanic population increased from 38% in 2013 to 41% in 2022, while the White population decreased from 39% to 34%. The Black population remained relatively stable between 17-23%, and the Asian population fluctuated, peaking at 6% in 2019 before decreasing to 3% by 2022. These changes suggest a "Transitional Community" aspect.
The median income has shown an upward trend, rising from $67,328 in 2013 to $79,977 in 2022, an increase of about 18.8% over the decade. This growth outpaces inflation, indicating real economic improvement. The population has also grown steadily, from 20,843 in 2013 to 23,587 in 2022, an increase of about 13.2%.
The correlation between demographic shifts and economic trends is notable. As the area has become more diverse, with a growing Hispanic plurality, it has also seen consistent income growth. This could indicate that the changing demographics have contributed to economic vitality.
The trends observed in this zip code align with broader patterns seen in many urban and suburban areas across the United States. The increase in diversity, particularly growth in Hispanic populations, is consistent with national demographic shifts. The economic growth experienced in this zip code also reflects the general economic recovery and growth seen in many parts of the country following the 2008 recession.
The maintenance of a strong middle to upper-middle-class income level alongside increasing diversity is somewhat notable. In many areas, rapid demographic changes can sometimes correlate with economic challenges, but this zip code seems to have maintained economic strength through its transition.
The 10703 zip code in Yonkers presents a picture of a dynamic, diverse community that has experienced both demographic shifts and economic growth over the past decade. The area's ability to maintain economic stability and growth while undergoing demographic changes could make it an interesting case study in successful community transition and integration.
