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Demographic Analysis of Belmont Terrace: A White Majority Neighborhood with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Belmont Terrace in River Grove, Illinois, is a White Majority community with moderate diversity. As of 2022, the neighborhood has a population of 3,616 and a median income of $52,479. Belmont Terrace is located near Triton College, a community college that may influence local demographics and economy.
Over the past decade, Belmont Terrace has maintained its status as a White Majority community. From 2013 to 2016, the white population increased from 72% to 77%. Between 2016 and 2021, diversity increased gradually. The Hispanic population grew from 18% to 21%, and the Asian population increased from 3% to 5%. In 2022, the white population increased to 73% and the Hispanic population decreased to 20%.
The median income in Belmont Terrace has fluctuated over the years. From 2013 to 2016, median income increased from $50,582 to $56,620. Between 2016 and 2022, the median income fluctuated, peaking at $56,629 in 2019 before declining to $52,479 in 2022. Periods of higher diversity corresponded with slightly lower median incomes.
The population of Belmont Terrace has declined overall, from 4,211 in 2010 to 3,616 in 2022. This decline may be attributed to changes in housing availability, economic opportunities, or shifts in the student population at Triton College.
Belmont Terrace's gradual increase in diversity aligns with broader national trends of increasing diversity in suburban areas. The fluctuations in median income and population may reflect wider economic trends in the Chicago metropolitan area, including the impact of the 2008 recession recovery and recent economic challenges.
The presence of Triton College likely contributes to the area's moderate diversity, as community colleges often attract a diverse student body. This may explain the slight increases in Asian and Hispanic populations over the years.
Belmont Terrace remains predominantly white but shows signs of slowly transitioning towards greater diversity. The economic indicators suggest that this transition may be accompanied by some economic challenges, which could be part of broader regional or national trends. The neighborhood's proximity to an educational institution adds a unique dynamic to its demographic and economic profile.
