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Zip Code 55107 in 2022: Zip Code with the most significant population decline in St. Paul, Minnesota
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Population
Zip code 55107, located in St. Paul, Minnesota, has experienced the most significant population decline among St. Paul zip codes over the past decade. This analysis examines the demographic trends and related factors that contribute to this distinction, based on data from 2010 to 2022. Despite recent population growth, the overall trend shows a notable decrease compared to the beginning of the decade.
The population data for zip code 55107 reveals a fluctuating trend with an overall decline from 2010 to 2022. In 2010, the population stood at 15,926 residents. By 2022, the population had decreased to 15,405, representing a net loss of 521 residents or approximately 3.27% over the twelve-year period. This decline is particularly significant when compared to the population peak of 15,791 in 2014, showcasing the area's struggle to maintain its resident base.
Examining the year-to-year changes, we observe that the most dramatic population drop occurred between 2018 and 2019, with a decrease from 15,535 to 14,671 residents, a loss of 864 people or about 5.56% in a single year. This sharp decline played a crucial role in cementing 55107's status as the zip code with the most significant population decline in St. Paul. However, it's worth noting that since 2019, the population has shown signs of recovery, increasing from 14,671 in 2019 to 15,405 in 2022, a growth of about 5% over three years.
To understand the factors potentially contributing to the population decline in zip code 55107, it's essential to examine other demographic and economic indicators provided in the dataset. One significant factor that may have influenced population trends is the change in median income. From 2013 to 2022, the median income in the zip code increased from $52,515 to $67,709, representing a growth of about 28.9%. This increase in median income could suggest a shift in the socioeconomic composition of the area, potentially pricing out some lower-income residents and contributing to the population decline.
The housing market in zip code 55107 has also seen substantial changes that may have impacted population trends. The average home prices have risen dramatically from $114,988 in 2013 to $244,177 in 2022, an increase of approximately 112.3%. This significant appreciation in home values could have made the area less affordable for some residents, potentially leading to out-migration and contributing to the population decline.
Racial demographics in the zip code have also shifted over the years, which may be related to the population changes. The proportion of Hispanic residents increased from 28.22% in 2013 to 25.91% in 2022, while the white population saw a slight increase from 43.85% to 46.95% during the same period. These changes in racial composition could reflect broader demographic shifts in the area and may be associated with the overall population decline.
Employment rates in zip code 55107 have shown improvement, with the employment-to-population ratio increasing from 0.586 in 2013 to 0.653 in 2022. This positive trend in employment might have helped mitigate some of the population loss in recent years and could be a factor in the slight population recovery observed since 2019.
In conclusion, zip code 55107 in St. Paul, Minnesota, has experienced the most significant population decline over the past decade among St. Paul zip codes. The area saw a net loss of 521 residents between 2010 and 2022, with the most dramatic decrease occurring between 2018 and 2019. However, recent years have shown signs of population recovery. The population decline appears to be influenced by various factors, including rising median incomes, substantial increases in home prices, shifts in racial demographics, and improving employment rates. These changes suggest a complex interplay of socioeconomic factors contributing to the area's demographic evolution. As the zip code continues to change, it will be important to monitor these trends and their impact on the local community.
