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Demographic Analysis of Algonquin, Illinois: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Algonquin, Illinois, exhibits a demographic profile categorized as "Low Diversity" based on established criteria. As of 2022, the white population comprises 78% of the total, dominating the racial composition. The city's median income of $114,723 in 2022 indicates an affluent community, with a population of 32,450 residing within a 12.5 square mile area.
Over the past decade, Algonquin has maintained its "Low Diversity" status, with the white population consistently representing over 75% of the total. However, subtle signs of increasing diversity are evident. The white population has decreased from 84% in 2014 to 78% in 2022. The Hispanic population has shown the most significant growth, increasing from 7% in 2014 to 11% in 2022. The Asian population has remained relatively stable, fluctuating between 5-7% throughout the decade. The Black population and those identifying as two or more races have seen slight increases, though they remain small portions of the overall population.
The median income in Algonquin has shown an overall upward trend, increasing from $110,068 in 2013 to $114,723 in 2022. This represents a growth of about 4.2% over the decade, indicating a stable and affluent economic environment. A significant increase in median income occurred between 2020 and 2021, rising from $115,181 to $120,828, before slightly decreasing in 2022. The population has remained relatively stable, with minor fluctuations, growing from 31,838 in 2010 to 32,450 in 2022, a modest increase of about 1.9% over 12 years.
The trends observed in Algonquin align with broader patterns seen in many suburban communities across the United States. These often include slow but steady increases in diversity, particularly growth in Hispanic and Asian populations; relative economic stability and growth in median incomes, often outpacing national averages; and modest population growth, typical of established suburban areas.
Based on the observed trends, Algonquin will likely continue to slowly diversify over the coming years. While it may remain in the "Low Diversity" category in the near term, there is potential for it to transition into a "Moderate Diversity" community within the next decade if current trends accelerate. Economically, the area appears poised for continued stability and potential growth. The consistent increase in median income suggests a robust local economy that may continue to attract a diverse range of residents.
Algonquin represents a slowly evolving suburban community. It maintains a predominately white population and high median income, while subtle shifts in demographics hint at a gradual move towards greater diversity. This slow transition, coupled with economic stability, may position the community for a future that balances established suburban characteristics with increasing multicultural influences.
