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Demographics
Population
Median Income
Racial Distributions
The zip code 14261, encompassing the University at Buffalo in New York, transitioned from a "Low Diversity" to a "Moderate Diversity" community between 2013 and 2022. As of 2022, the area has a population of 1,377 and a median income of $32,493. The racial composition shows a white majority (53%) with significant representation from Asian (15%) and Black (16%) populations.
The demographic shift in this zip code is characterized by a decline in the white population from 59% in 2013 to 53% in 2022, an increase in the Black population from 9% to 16%, fluctuations in the Asian population, and a gradual increase in the Hispanic population from 9% to 10%. The community has moved towards greater diversity, with minority groups collectively growing from 41% to 47% of the population.
The economic landscape of the zip code has seen significant changes correlating with its demographic shifts. Median income increased from $24,012 in 2013 to $32,493 in 2022, a 35% increase. This income growth coincides with the increase in diversity, suggesting that the influx of diverse populations may have contributed to economic vitality. The population has remained relatively stable, growing only slightly from 1,372 in 2013 to 1,377 in 2022.
The trends observed in this zip code align with broader national patterns of increasing diversity in university communities. The substantial income growth outpaces the national average, which could be attributed to the area's association with a university, potentially attracting higher-skilled workers and students. The increasing diversity may reflect a trend of international students and faculty contributing to the local economy. The stable population despite increasing diversity suggests a dynamic community with consistent turnover, typical of university-adjacent areas.
The University at Buffalo zip code 14261 has transitioned from a predominantly white, low-diversity area to a moderately diverse community with improving economic indicators. This evolution reflects broader trends of increasing diversity in academic settings and demonstrates the potential economic benefits of a more diverse population. The area's unique characteristics as a university-affiliated community likely contribute to its distinct demographic and economic profile, setting it apart from typical residential neighborhoods.