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Demographics
Population
Median Income
Racial Distributions
The zip code 56562 in Moorhead, Minnesota, is classified as a "Transitional Community" with "Moderate Diversity" as of 2022. This area has undergone significant demographic changes over the past decade. The racial composition has shifted from a predominantly White community to one with increased representation from Hispanic and multiracial populations. The current racial distribution shows a White plurality of 62%, with Hispanic and multiracial populations at 20% and 13% respectively. Economically, the area has experienced a substantial increase in median income, rising from $44,259 in 2015 to $100,794 in 2022.
The community has transitioned from "Low Diversity" to "Moderate Diversity" over the past decade. In 2013, the White population comprised 94% of the community, which decreased to 62% by 2022. Concurrently, the Hispanic population grew from 4% in 2013 to 20% in 2022. The multiracial population emerged as a significant demographic, reaching 13% by 2022. These consistent increases in Hispanic and multiracial populations over the past five years identify this as a "Transitional Community".
Economic trends in the area show a remarkable upward trajectory in median income, particularly accelerating from 2020 onwards. This may indicate changing employment opportunities or an influx of higher-income residents. Despite rising incomes, the population has decreased from 923 in 2010 to 470 in 2022, suggesting a potential gentrification process. The increase in diversity coincides with the rise in median income, implying that the new diverse population might be bringing higher-paying jobs or skills to the area.
The dramatic increase in median income, showing 127% growth from 2015 to 2022, likely surpasses national averages, indicating a significant economic transformation in this zip code. The growth of the Hispanic population aligns with broader national trends of increasing Hispanic representation across many U.S. communities. The emergence of a significant multiracial population (13% by 2022) reflects a growing national trend of increasing multiracial identification. The population decline in this zip code contrasts with the general trend of urban population growth seen in many U.S. cities, suggesting unique local factors at play.
Zip code 56562 in Moorhead, Minnesota, has undergone a significant transformation over the past decade. It has evolved from a predominantly White, lower-income area to a more diverse, higher-income community. This transition brings both opportunities and challenges, potentially including gentrification pressures and the need for community integration efforts. The area's rapid economic growth coupled with increasing diversity makes it a notable case study in demographic and economic change at the local level.