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Demographic Trends in Zip Code 03755: Racial Composition Changes from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 03755 in Hanover, New Hampshire, is classified as having "Low Diversity" with a white majority as of 2022. The population is 9,800 with a median income of $90,118, indicating an affluent area. This current demographic and economic situation is the result of changes over the past decade.
From 2013 to 2022, Hanover maintained a "Low Diversity" classification, with the white population remaining dominant. The white population decreased from 83% in 2013 to 73% in 2022. The Asian population increased slightly from 9% to 10%. Black and Hispanic populations both increased from 2% to 4% and 3% to 5%, respectively. The "two or more races" category increased from 1% in 2013 to 8% in 2022.
The median income in Hanover fluctuated significantly over the decade. From 2013 to 2019, there was a steady increase, peaking at $174,974 in 2019. In 2020, there was a sharp drop to $85,905, followed by a recovery to $104,664 in 2021 and a decrease to $90,118 in 2022.
These economic shifts coincide with the gradual increase in diversity, suggesting a possible correlation. The significant drop in median income from 2019 to 2020 could be attributed to the global COVID-19 pandemic, which may have also influenced demographic shifts.
The trend towards increased diversity aligns with broader national trends of growing diversity in many communities across the United States. The median income in Hanover remains above the national median, indicating that this area maintains its status as an affluent community despite recent economic volatility. The income fluctuations seen in recent years likely reflect the broader economic impacts of the COVID-19 pandemic seen across the country.
Hanover remains a predominantly white, affluent area with low diversity, but there are signs of gradual demographic shifts towards increased diversity. These changes, coupled with recent economic volatility, suggest a community in transition, potentially moving towards a more diverse socio-economic makeup in the future.
