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Demographics
Population
Median Income
Racial Distributions
Lane, Illinois, as of 2022, is categorized as a community with "Low Diversity". The most recent data indicates a predominantly white population (91%) with minimal representation from other racial groups. The city's current median income is $61,590, with a population of 215 residents.
Over the past decade, Lane has consistently maintained its status as a "Low Diversity" community. The white population has remained above 90% throughout most of the observed period, with only slight fluctuations. There is a subtle trend towards increased diversity. The percentage of residents identifying as two or more races has increased from 2% in 2013 to 7% in 2022. Hispanic representation, while minimal, has appeared in recent years (1% in 2021 and 2022). Asian representation (1%) emerged in the 2022 data.
The median income in Lane has shown overall growth, rising from $48,054 in 2013 to $61,590 in 2022, an increase of about 28% over a decade. This trend aligns with broader national patterns of income growth. There was a significant jump in median income between 2020 and 2021 (from $66,770 to $72,499), followed by a decrease in 2022. This fluctuation might be related to economic impacts of the COVID-19 pandemic and subsequent recovery.
The population has fluctuated over the years, peaking at 315 in 2018 and then declining to 215 by 2022. This population decrease does not seem directly correlated with income changes, suggesting other factors may be influencing residents' decisions to leave the area.
The trend of slow diversification in Lane aligns with broader national trends of increasing diversity in rural and small-town America. However, the pace of change in Lane appears slower than national averages. The income growth trend generally aligns with national patterns, though the recent volatility might be more pronounced in this small community.
Based on the observed trends, Lane is likely to remain a "Low Diversity" community in the near future, but may slowly transition towards a "Moderate Diversity" category over the long term if current trends continue. The slight increases in multiracial, Hispanic, and Asian populations, though small, suggest a gradual shift towards more diversity.
Economically, if the overall upward trend in median income continues (disregarding the 2022 dip as a potential anomaly), the community might see further economic growth. However, the declining population could pose challenges for local economic sustainability.
Lane appears to be a stable, predominantly white community experiencing slow demographic changes and generally positive economic growth. The community's future may involve a balance between maintaining its traditional character and adapting to gradually increasing diversity and economic fluctuations.