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Racial Homogeneity and Economic Trends in Versailles, Ohio (ZIP 45380): 2013-2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Versailles, Ohio (ZIP code 45380) is categorized as a "Low Diversity" community with a "White Majority." In 2022, 98% of the population identified as white, with minimal representation from other racial groups. The median income for 2022 was $72,669, and the population was 5,616.
Over the past decade, Versailles has maintained its status as a "Low Diversity" community with a "White Majority." The racial composition has remained stable, with the white population consistently representing 98-99% of the total population from 2013 to 2022. There have been no significant transitions between diversity categories during this period.
The only notable change is the emergence of a small "Two or More Races" population (1%) in 2022, which may indicate the early stages of a slight increase in diversity. This change is not substantial enough to categorize the community as "Transitional" at this point.
Despite stable racial demographics, the community has experienced economic changes. The median income has shown an upward trend, increasing from $62,097 in 2013 to $72,669 in 2022, representing a 17% increase over nine years. There have been fluctuations in median income, with a peak of $83,332 in 2021, followed by a decrease to $72,669 in 2022. The population has remained relatively stable, decreasing slightly from 5,641 in 2013 to 5,616 in 2022, a less than 0.5% change over the decade.
Versailles's racial composition is less diverse than the national average. The overall trend of income growth in Versailles aligns with broader national trends of economic recovery and growth following the 2008 financial crisis. The recent volatility might be related to economic disruptions caused by the COVID-19 pandemic. While many rural areas in the United States have experienced population decline, Versailles has maintained a relatively stable population.
Versailles presents a picture of a racially homogeneous community that has experienced economic growth without significant demographic changes. The stability in racial composition, coupled with overall positive economic trends, suggests a community that has maintained its traditional character while benefiting from broader economic improvements. The lack of increasing diversity over the past decade contrasts with national trends towards greater racial and ethnic diversity in many parts of the United States.
