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Racial Composition and Demographics in The Lakes, Minnesota (ZIP Code 56123)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The Lakes, Minnesota (zip code 56123) is categorized as a "Low Diversity" community, with a "White Majority" constituting 98% of the population in 2022. The area has a population of 685 as of 2022, with a median income of $65,880.
Over the past decade, The Lakes has maintained its status as a "Low Diversity" community with a strong "White Majority." From 2013 to 2022, the white population has remained above 96%, showing minimal fluctuation. This stability in racial composition suggests a lack of significant demographic change or influx of diverse populations.
The Hispanic population has maintained a small but consistent presence, hovering around 1% throughout the decade. Other racial categories show minimal or no representation in the available data, further emphasizing the area's low diversity.
The median income in The Lakes has shown a general upward trend over the past decade, increasing from $59,025 in 2013 to $65,880 in 2022. This represents an overall increase of about 11.6% over nine years.
The population has experienced a slight decline during this period, from 736 in 2013 to 685 in 2022, a decrease of about 6.9%. This combination of rising incomes and declining population could suggest several possibilities: an aging population, gentrification, or economic restructuring.
The lack of racial diversity in The Lakes contrasts with national trends towards increasing diversity in many areas of the United States. The median income growth appears to be roughly in line with or slightly below national averages for income growth over a similar period. The population decline goes against the trend of overall population growth in many suburban and exurban areas across the country.
The Lakes presents a picture of a stable, predominantly white community with gradually increasing incomes but a slightly declining population. This stability in racial composition, combined with economic changes, suggests a community that has experienced limited demographic shifts but is seeing some economic evolution.
