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Demographic Evolution of Zip Code 55402: White Majority and Racial Composition Changes
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 55402 in Minneapolis, Minnesota, is categorized as a "White Majority" community with moderate diversity as of 2022. The area has a population of 1,469 and a median income of $81,338. This urban neighborhood has experienced demographic and economic changes over the past decade, reflecting trends in urban development and population shifts.
From 2013 to 2022, this zip code has undergone a transformation in its racial composition. In 2013, the area was categorized as "Moderate Diversity" with no clear racial majority. By 2020, it had transitioned to a "White Majority" community, with the white population increasing from 57% to 70%. The Black population decreased from 23% in 2018 to 11% in 2022, shifting the area from a "Majority-Minority" status to a clear "White Majority."
The Asian population remained relatively stable, fluctuating between 10-16% throughout the decade. The Hispanic population doubled from 3% in 2013 to 6% in 2022, indicating a trend towards a more "Transitional Community."
The demographic shifts correlate with changes in median income. Median income rose from $50,879 in 2013 to $81,338 in 2022, a 60% increase. There were periods of decline, particularly between 2015 and 2018, which coincided with the highest percentages of Black residents. The sharpest increase in median income occurred between 2019 and 2020, jumping from $59,988 to $78,864, coinciding with the shift to a White Majority community.
The zip code's population grew from 765 in 2010 to 1,469 in 2022, nearly doubling over the decade. This growth aligns with the increasing median income and demographic shifts.
These trends align with patterns seen in many urban areas across the United States. The significant increase in median income and shift towards a White Majority suggest a gentrification process. The decrease in the Black population percentage, coupled with rising incomes, may indicate displacement of lower-income residents. The population growth and income increase suggest substantial urban development and investment in the area, likely attracting higher-income residents. The correlation between racial composition changes and income increases reflects broader national trends of economic segregation along racial lines.
Zip code 55402 in Minneapolis has transformed from a moderately diverse, majority-minority area to a more affluent, White Majority community over the past decade. This shift reflects broader urban trends of gentrification, demographic change, and economic development, with potential implications for community cohesion, affordability, and socio-economic diversity in the area.
