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Demographics
Population
Median Income
Racial Distributions
Zip code 14303 in Niagara Falls, New York, has transitioned from a low-diversity to a moderate-diversity community between 2013 and 2022. The white population decreased from 68% to 54% during this period, shifting the area from the "Low Diversity" to the "Moderate Diversity" category. This change was accompanied by significant increases in Hispanic and multiracial populations, while the Black population declined.
The Hispanic population grew from 1% in 2013 to 10% in 2022, and individuals identifying as two or more races increased from 3% to 14%. These trends suggest a "Transitional Community" status with increasing diversity over time. Conversely, the Black population showed a gradual decline from 21% in 2013 to 15% in 2022.
Economic trends in the area have been characterized by income fluctuations and population instability. The median income decreased from $31,090 in 2013 to $28,101 in 2018, before increasing to $33,093 in 2022, representing a 6.4% increase over the decade. The population fluctuated, starting at 5,763 in 2013, peaking at 6,255 in 2014, and settling at 5,738 in 2022.
The increase in diversity coincided with a period of income stagnation from 2013 to 2018, followed by a modest recovery. This pattern could suggest initial economic challenges as the community diversified, followed by adaptation and growth. The significant increase in the Hispanic population from 2017 onwards correlates with the period of income recovery, potentially indicating this group's contribution to local economic revitalization.
The sharp rise in the multiracial population from 2019 to 2022 coincides with the most substantial income increases, suggesting a possible link between increased diversity and economic improvement. The transition towards greater diversity, particularly the growth in Hispanic and multiracial populations, reflects national demographic shifts. However, the declining Black population contrasts with stable or growing Black populations in many urban areas nationally.
Zip code 14303 in Niagara Falls has undergone a significant demographic transition over the past decade, evolving from a low-diversity area to a moderately diverse community. This shift has been accompanied by economic fluctuations, with recent years showing signs of recovery. The area's changing racial composition, particularly the growth in Hispanic and multiracial populations, appears to be a key factor in its evolving socio-economic landscape.