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Demographics
Population
Median Income
Racial Distributions
ZIP code 91602, located in Los Angeles, California, currently exhibits characteristics of a White Majority community with Moderate Diversity. As of 2022, the white population constitutes 59% of the area, with significant Hispanic (20%) and Asian (9%) representations. The median income in 2022 was $84,677, and the population stood at 18,227.
Demographic Shifts: 1. Transition from Low Diversity to Moderate Diversity: In 2013, the area was categorized as Low Diversity, with the white population at 68%. Over the decade, there's been a clear trend towards increased diversity, shifting to Moderate Diversity by 2022.
2. Declining White Majority: The white population has steadily decreased from 68% in 2013 to 59% in 2022, indicating a gradual shift away from a strong White Majority status.
3. Growing Hispanic and Asian Populations: The Hispanic population increased from 15% in 2013 to 20% in 2022, while the Asian population grew from 7% to 9% in the same period.
4. Emerging Transitional Community: The consistent growth in Hispanic and Asian populations, coupled with the decline in the white majority, suggests this area is becoming a Transitional Community, moving towards increased diversity.
Economic Trends: 1. Income Fluctuations: The median income has fluctuated over the decade, peaking at $93,880 in 2016 and reaching its lowest point at $83,348 in 2020, likely influenced by the COVID-19 pandemic.
2. Population Growth: The population has grown steadily from 16,660 in 2013 to 18,227 in 2022, an increase of about 9.4% over the decade.
3. Economic Resilience: Despite fluctuations, the median income has remained relatively high throughout the period, indicating economic resilience in the face of demographic changes.
Correlation between Demographic and Economic Trends: 1. Diversity and Economic Stability: The area has maintained a high median income while becoming more diverse, suggesting that increased diversity hasn't negatively impacted economic conditions.
2. Population Growth and Income: The steady population growth alongside relatively stable high incomes indicates that the area remains attractive to diverse, affluent residents.
3. Pandemic Impact: The sharp drop in median income in 2020 (to $83,348) coincided with the COVID-19 pandemic, but the quick recovery to $90,532 in 2021 demonstrates the area's economic resilience.
Context and Comparison: This zip code's trends align with broader patterns observed in many urban areas across the United States:
1. Increasing diversity in traditionally white-majority neighborhoods. 2. Growing Hispanic and Asian populations in urban centers. 3. Economic resilience in diverse, high-income urban areas.
The area's ability to maintain high median incomes while becoming more diverse is noteworthy, as it counters potential concerns about economic decline accompanying demographic shifts. This suggests that ZIP code 91602 is experiencing a positive integration of diverse populations while maintaining its economic strength.
In conclusion, ZIP code 91602 is evolving from a predominantly White Majority, Low Diversity area to a more diverse community. This transition is occurring alongside relative economic stability, indicating a harmonious integration of new demographic groups into the local socio-economic fabric. The area's evolution reflects broader urban trends of increasing diversity and suggests a positive outlook for continued economic vitality amid changing demographics.