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Demographic Analysis of Chicago Zip Code 60643: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The 60643 zip code in Chicago, Illinois, exhibits characteristics of a "Racial Majority" community as of 2022. Black residents constitute 71% of the population, while White residents make up 22% and Hispanic residents 3%. The median income in 2022 was $78,188, indicating a relatively affluent neighborhood within Chicago.
Over the past decade, this zip code has maintained its status as a "Racial Majority" community, with Black residents as the dominant group. However, subtle shifts indicate a gradual move towards increased diversity. The Black population decreased slightly from 73% in 2013 to 71% in 2022. The Hispanic population increased from 2% in 2013 to 3% in 2022. The percentage of residents identifying as two or more races grew from 1% to 3% over the same period. The Asian population emerged in the data, registering at 1% by 2022.
These trends suggest that while the area remains predominantly Black, it is slowly transitioning towards greater diversity. This could potentially categorize it as a "Transitional Community," albeit at a gradual pace.
The economic trajectory of the zip code shows overall positive growth. Median income rose from $70,713 in 2013 to $78,188 in 2022, an increase of about 10.6% over nine years. Despite this overall growth, there have been fluctuations, with a peak of $81,366 in 2021 before a slight decline in 2022. The population has remained relatively stable, with a slight decrease from 50,456 in 2013 to 47,099 in 2022.
The rising median income suggests improving economic conditions, which could be attracting a more diverse population. However, the slight population decrease might indicate some outmigration, possibly of long-term residents, as the area's demographics slowly shift.
The median income growth in this zip code outpaces inflation, suggesting real economic improvement for residents. The gradual diversification trend aligns with broader national patterns of increasing diversity in urban areas. The stability of the Black majority in this zip code is notable, as many urban areas have experienced more rapid demographic shifts due to gentrification or other economic factors.
The 60643 zip code in Chicago represents a stable, predominantly Black community that is experiencing gradual economic improvement and slow but steady diversification. While it maintains its "Racial Majority" status, the emerging trends suggest a potential long-term transition towards greater diversity, albeit at a pace that allows for community stability. The economic growth paired with demographic shifts indicates a neighborhood in gentle transition, balancing change with continuity.
