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Demographic Analysis of Diamond, Illinois: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Diamond, Illinois, is categorized as a community with Low Diversity, with a White Majority. As of 2022, 90% of the population identifies as white, with a Hispanic population of 9%. The city's median income in 2022 was $62,587. Diamond has a population of 2,088 as of 2022.
Over the past decade, Diamond has maintained its status as a Low Diversity community with a White Majority. The Hispanic population has grown from 6% in 2013 to 9% in 2022. The percentage of residents identifying as two or more races has remained around 1-2%. The white population has decreased slightly from 88% in 2013 to 90% in 2022, with fluctuations in between.
The median income in Diamond has shown volatility over the past decade. It peaked in 2015 at $62,901 before declining to $57,002 in 2017. There was a recovery to $61,809 in 2018, followed by another dip and subsequent rise to $62,587 in 2022.
Periods of higher median income coincide with slightly higher percentages of white residents, while periods of lower income align with slightly higher percentages of Hispanic residents. This suggests a potential correlation between demographic shifts and economic changes.
The slow increase in diversity in Diamond aligns with broader national trends of increasing diversity in suburban and rural areas. The pace of change in Diamond appears to be slower than the national average. The economic fluctuations seen in the village may reflect broader economic trends.
Based on observed trends, Diamond will likely continue to see a slow increase in diversity over the coming years, particularly in its Hispanic population. The community is likely to remain categorized as Low Diversity with a White Majority in the near term, but may be moving towards becoming a Transitional Community.
Economically, if the trend of gradual income growth continues, the median income may continue to rise slowly, potentially reaching or surpassing $65,000 in the next few years. This growth may be tempered by broader economic factors and ongoing demographic shifts.
Diamond remains a predominantly white, low-diversity community. Subtle changes in its demographic makeup and economic indicators suggest a gradual transition towards increased diversity and economic growth. These changes may have implications for local policies, community services, and social dynamics in the years to come.
