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Demographics
Population
Median Income
Racial Distributions
Cave-In-Rock, Illinois, exhibits characteristics of Low Diversity, with a predominantly White population of 98% in 2022. The village's median income was $49,536 in 2022, showing a decline from previous years. The population stood at 558 in 2022, demonstrating fluctuation over the past decade.
Throughout the period from 2013 to 2022, Cave-In-Rock has consistently been categorized as Low Diversity. The White population has remained above 75% throughout this period, ranging from 88% to 98%. A slight increase in diversity occurred from 2015 to 2019, with the percentage of residents identifying as two or more races reaching up to 7%. This trend reversed in recent years, returning to a more homogeneous racial composition.
The median income in Cave-In-Rock has shown significant fluctuations over the decade. It increased from $28,610 in 2013 to a peak of $58,888 in 2018, before declining to $49,536 in 2022. This income volatility correlates with population changes. The population increased from 632 in 2013 to a peak of 895 in 2016, then steadily declined to 558 in 2022. The period of highest income (2016-2019) coincided with the highest population figures, suggesting a possible influx of higher-income residents during this time.
Cave-In-Rock appears to be moving in the opposite direction of national trends, becoming less diverse in recent years. This trend is not uncommon in small, rural communities, which often experience less demographic change than urban areas.
Based on the observed trends, it is likely that Cave-In-Rock will continue to be categorized as Low Diversity in the near future. The decreasing population and recent decline in median income suggest the village may be experiencing economic challenges. If these trends continue, further population decline and potentially a shift towards an aging population may occur, as younger residents may leave for better economic opportunities.
Small communities can be significantly impacted by minor changes. If the village were to implement economic development strategies or if external factors were to bring new residents or industries to the area, a shift towards a Transitional Community could potentially occur. This would be characterized by gradual increases in racial diversity and potentially stabilized or increasing median income.
Current trends suggest a continuation of Low Diversity and possible economic challenges in Cave-In-Rock. However, the small size of the village means that its demographic and economic future could be significantly altered by relatively small changes in population or local economy.