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Demographics
Population
Median Income
Racial Distributions
Altamont, Illinois, exhibits a demographic profile categorized as "Low Diversity" based on available data. As of 2022, the city's population of 4,110 is 99% white, with a median income of $63,220. This racial composition has remained stable over the past decade, indicating minimal demographic change in terms of racial diversity.
From 2013 to 2022, Altamont has consistently fallen under the "Low Diversity" category. The white population has maintained a dominant presence, ranging from 98% to 100% of the total population. This stability suggests an established demographic pattern with minimal influx of other racial groups or outmigration of the existing population.
Despite the static racial composition, the city has experienced economic fluctuations. From 2013 to 2016, median income dropped from $58,087 to $46,825, a 19.4% decrease. From 2017 to 2022, income levels gradually increased, reaching $63,220 in 2022, surpassing the 2013 level. The population slightly declined from 4,216 in 2013 to 4,110 in 2022, a 2.5% decrease.
Altamont's demographic stability contrasts with national trends towards increasing diversity in many urban and suburban areas. The economic trajectory may align with broader patterns of post-2008 recession recovery seen in many small American cities.
Based on observed trends, Altamont will likely maintain its "Low Diversity" status in the near future. The stable racial composition suggests community structures that resist rapid change. Economically, if the upward trend in median income continues, the city might see further improvements in living standards.
The slight population decline could be a point of concern. If this trend continues or accelerates, it might impact the local economy and potentially lead to efforts to attract new residents. This could, in the long term, potentially lead to increased diversity, though such a shift would likely be gradual given the current demographic makeup.
Altamont may not transition to a new demographic category in the immediate future. Economic factors and potential efforts to counter population decline could set the stage for gradual changes in the longer term. The community's ability to maintain its economic growth while potentially adapting to changing demographics will be crucial for its future development.