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Demographic Analysis of Genoa, Illinois: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Genoa, Illinois, as of 2022, is classified as a Low Diversity community with a White Majority. The city's population of 6,449 is 85% white and 14% Hispanic. The median income is $77,166, showing an increase over the past decade despite fluctuations.
Over the past decade, Genoa has maintained its status as a Low Diversity community with a White Majority, but shows signs of gradual shift towards becoming a Transitional Community. The Hispanic population has grown from 7% in 2013 to 14% in 2022, indicating a slow but steady increase in diversity. The percentage of residents identifying as two or more races has remained relatively stable at 1-2% throughout the decade. Other racial groups, including Black, Asian, and Native American, have maintained minimal representation, rarely exceeding 1% of the population.
The median income in Genoa has shown an upward trend, rising from $67,374 in 2013 to $77,166 in 2022, an increase of about 14.5%. This growth in median income correlates with the gradual increase in Hispanic population, suggesting that the demographic shift may be linked to economic opportunities attracting a more diverse workforce.
The city's population has fluctuated over the decade, peaking at 6,891 in 2011 and declining to 6,449 by 2022. This population decrease, coupled with rising median incomes, might indicate a trend of gentrification or changing housing markets that could be influencing the demographic makeup.
The trend of increasing diversity in suburban areas is consistent with broader national patterns. Many U.S. suburbs have experienced growing Hispanic populations and increased racial diversity over the past two decades.
Based on the observed trends, Genoa is likely to continue its gradual transition towards greater diversity. If the Hispanic population continues to grow at a similar rate, the city could potentially shift from a Low Diversity community to a Moderate Diversity community within the next decade.
The economic trajectory suggests continued growth in median income, which could attract more diverse residents seeking economic opportunities. However, this could also lead to potential challenges in affordability for existing residents.
If current trends persist, Genoa might evolve into a Transitional Community in the coming years, characterized by a continued increase in the Hispanic population and potentially more representation from other minority groups. This transition could bring both opportunities and challenges, including the need for more inclusive community services and potential cultural shifts in local institutions.
