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Demographic Analysis of Bingham, Illinois: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Bingham, Illinois, is classified as a "Low Diversity" community. As of 2022, the white population comprises 87% of the total 433 residents. The village has a median income of $75,776. Over the past decade, Bingham has maintained its "Low Diversity" status, with subtle shifts in racial composition. From 2013 to 2016, the community was almost entirely white. In 2017, a small Asian population emerged, persisting through 2021. In 2022, a black population appeared, and those identifying as two or more races increased, while the Asian population disappeared.
The median income in Bingham has increased steadily from $58,834 in 2013 to $75,776 in 2022, representing a 28.8% increase over nine years. This economic growth has coincided with subtle increases in racial diversity. The population has grown from 372 in 2013 to 433 in 2022, a 16.4% increase. This population growth and rising incomes suggest that Bingham is becoming an increasingly attractive place to live.
Bingham's growing population and rising incomes contrast with many rural and small-town communities across the United States that have experienced population decline and economic stagnation. This may be due to its proximity to larger economic centers or local economic initiatives.
Based on observed trends, Bingham will likely see gradual increases in diversity over the coming years, though it will likely remain within the "Low Diversity" category for the foreseeable future. The community may be on the cusp of becoming a "Transitional Community" if the recent introduction of black residents and those of two or more races continues and expands.
Economically, if current trends persist, continued growth in median income and modest population increases can be expected. This economic prosperity may attract more diverse residents, potentially accelerating the demographic shifts observed.
Bingham remains a predominantly white, low-diversity community. However, subtle changes in its demographic makeup and consistent economic growth suggest the potential for gradual transformation. Monitoring these trends in the coming years will be crucial to understanding whether Bingham is at the beginning of a more significant demographic transition or if these recent changes represent a temporary fluctuation in an otherwise stable community profile.
