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Demographics
Population
Median Income
Racial Distributions
Zip code 88242 in North Hobbs, New Mexico, transitioned from a White majority to a Majority-Minority community between 2013 and 2022. The Hispanic population increased from 35% to 51%, while the White population decreased from 59% to 46%. This demographic shift aligns with broader national trends, particularly in the Southwest region.
The community's transition coincided with changes in economic indicators. Median income peaked at $89,194 in 2016 but declined to $77,195 in 2022, representing a 13.5% decrease. This economic downturn occurred simultaneously with the shift from a White majority to a Hispanic plurality.
Population growth was observed during this period, with the total population increasing from 6,862 in 2013 to 7,712 in 2022, a 12.4% rise. This growth, combined with the changing racial composition, indicates an influx of new residents, predominantly from Hispanic backgrounds.
The demographic changes in zip code 88242 are consistent with trends observed across the United States, especially in the Southwest. Many communities are experiencing increased diversity, with significant growth in Hispanic populations.
The economic trends in this zip code present a contrast to typical patterns. While many diverse communities experience economic growth as they attract new residents and businesses, this area has seen a decline in median income. This could be attributed to various factors, such as changes in local industries or the types of jobs available to new residents.
The population density of zip code 88242 is approximately 92 people per square mile, based on the 2022 population and zip code size. This density is relatively low compared to urban areas but not uncommon for more rural or suburban regions of New Mexico.
Zip code 88242 in North Hobbs, New Mexico, has undergone a significant demographic transition over the past decade, evolving from a White majority community to a Majority-Minority area with a Hispanic plurality. This shift reflects broader national trends towards increased diversity but has been accompanied by a decline in median income, presenting both opportunities and challenges for the community moving forward.