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Racial Composition and Economic Trends in Zip Code 50629: A Predominantly White Community
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 50629 in Fairbank, Iowa, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The racial composition of this area shows 97% of the population identifying as white, and 2% identifying as two or more races. The median income for 2022 was $72,952, with a population of 2,077.
This zip code has maintained its "Low Diversity" status with a strong "White Majority" over the past decade. From 2013 to 2022, the white population has consistently remained above 97%, indicating minimal change in racial composition. There has been a slight increase in the population identifying as two or more races, from 0% in 2013 to 2% in 2022, but this change is not significant enough to alter the overall diversity category.
The community has not transitioned between diversity categories during this period, indicating a stable racial demographic. The persistence of this demographic makeup suggests a combination of factors, potentially including limited immigration, minimal in-migration from more diverse areas, or strong community ties that encourage long-term residency among existing populations.
The median income in this zip code has shown a general upward trend over the past decade, increasing from $59,974 in 2013 to $72,952 in 2022, representing a growth of about 21.6% over nine years. This trend suggests overall economic improvement for the area's residents. There was a significant spike in median income in 2021, reaching $81,501, before decreasing to $72,952 in 2022. The population has fluctuated over the years, starting at 2,002 in 2013, peaking at 2,215 in 2021, and settling at 2,077 in 2022.
This zip code appears to be maintaining its homogeneous racial composition, which is not uncommon in rural Midwestern communities. These areas often experience slower demographic changes compared to more urban areas. The median income growth in this zip code (21.6% over nine years) outpaces the national inflation rate for the same period, indicating real economic growth for the community.
In conclusion, the zip code 50629 in Fairbank, Iowa, represents a stable, predominantly white community with steady economic growth over the past decade. While it has not experienced significant racial diversification, the area has seen improvements in median income, potentially contributing to its ability to maintain a stable population base. This pattern of economic growth without significant demographic change presents a case study in the relationship between economic development and racial diversity in rural American communities.
