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Demographics
Population
Median Income
Racial Distributions
The zip code 11042 in Lake Success, New York, has undergone significant demographic changes from 2013 to 2022. This area transitioned from a White Majority community to a Majority-Minority community with an Asian plurality. In 2013, the white population comprised 58% of the community, but by 2018, it had dropped below 50%. Concurrently, the Asian population increased from 30% in 2013 to 55% in 2022.
The community has experienced increasing diversity, with significant representation from Asian, White, and Hispanic groups. However, the dominant Asian population prevents it from fully meeting the criteria for a "High Diversity" category. The consistent increase in the Asian population and decrease in the White population over the decade identifies this as a "Transitional Community."
Economic trends in the zip code 11042 show consistent income growth. The median income rose from $131,291 in 2013 to $187,205 in 2022, representing an increase of approximately 43% over the decade. This rise in median income coincides with the increase in the Asian population and decrease in the White population, suggesting a potential link between changing demographics and economic prosperity in the area.
Population fluctuations have been observed despite the overall trend of increasing diversity and income. A notable increase occurred in 2020-2021, followed by a decrease in 2022, potentially indicating changing housing dynamics or migration patterns.
The median income in zip code 11042 is significantly higher than the national average, placing it among the wealthiest communities in the country. The dramatic increase in the Asian population from 30% to 55% over a decade is more pronounced than national trends, which have seen more modest increases in Asian representation.
This transition from a white-majority suburb to a majority-minority area with an Asian plurality reflects broader trends in some affluent suburban areas, particularly those near major metropolitan centers. The high median income, coupled with rapid demographic shifts, may indicate potential gentrification or displacement effects.
Zip code 11042 in Lake Success exemplifies a rapidly changing, affluent suburban community. Its transition from a White Majority to a Majority-Minority area with an Asian plurality, along with significant income growth, reflects broader trends of increasing diversity and economic development in certain suburban areas. These changes likely have significant implications for local culture, services, and community dynamics.