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Demographics
Population
Median Income
Racial Distributions
Coal Valley in Illinois is characterized by low diversity with a predominant white population. As of 2022, the community is classified as "Low Diversity" with 92% of the population identified as white. The village has experienced modest population growth over the past decade, increasing from 4,919 in 2010 to 5,184 in 2022. The area has seen significant income growth, with the median household income rising from $82,488 in 2013 to $88,834 in 2022, indicating a relatively affluent suburban community.
Throughout the observed period, Coal Valley has consistently maintained its status as a "Low Diversity" community. The white population has seen a slight decrease from 97% in 2013 to 92% in 2022. The Hispanic population has shown the most significant growth, increasing from 2% in 2013 to 5% in 2022. Other racial groups have maintained minimal representation, with no substantial changes over the decade. These changes suggest a slow trend towards slightly increased diversity, though not enough to shift the community out of the "Low Diversity" category.
The economic trajectory of Coal Valley has been generally positive. Median household income has increased by about 7.7% from 2013 to 2022, outpacing inflation for most of this period. There was a notable increase in median income from $88,517 in 2020 to $93,935 in 2021. The population has grown by about 5.4% from 2010 to 2022, indicating a stable and slightly growing community. The increasing median income correlates with the maintained low diversity, suggesting that the area remains attractive to affluent white households while slowly becoming more accessible or appealing to Hispanic families.
Coal Valley's demographic composition contrasts with national trends towards increasing diversity. The village's high median income and slow pace of diversification suggest it may be a more exclusive community compared to national averages.
Based on the observed trends, Coal Valley is likely to continue its slow progression towards increased diversity over the coming years. The most probable scenario is a continued gradual decrease in the white population percentage, potentially dropping to around 88-90% in the next 5-10 years. Further growth in the Hispanic population, possibly reaching 7-8% in the same timeframe, is expected. Slight increases in other minority populations, but likely remaining under 1-2% each, may occur.
Economically, if current trends persist, the median household income is likely to continue rising, potentially reaching or exceeding $100,000 within the next 5 years. This could further cement the village's status as an affluent, predominantly white suburban community.
The community appears poised to remain a "Low Diversity" area with a strong economic profile for years to come, barring any major external factors that could dramatically alter its demographic or economic landscape.