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Demographics
Population
Median Income
Racial Distributions
Loves Park, Illinois is currently classified as a Low Diversity community with a white majority. As of 2022, the white population comprises 77% of the total, with a median income of $71,702. The city's population has remained relatively stable over the past decade, at approximately 29,000 residents.
Over the past decade, Loves Park has been gradually transitioning from a Low Diversity community towards a Moderate Diversity classification. The white majority has decreased from 87% in 2013 to 77% in 2022. This change is primarily due to increases in Hispanic, Black, and multiracial populations.
The Hispanic population has experienced the most significant growth, nearly doubling from 5% in 2013 to 9% in 2022. The Black population has increased from 3% to 6% during this period. The percentage of residents identifying as two or more races has risen from 1% to 5%, indicating a trend towards a more diverse population mix.
The median income in Loves Park has shown an overall upward trend, rising from $66,251 in 2013 to $71,702 in 2022, representing an 8.2% increase. This growth in median income has coincided with the gradual diversification of the population. There was a significant spike in median income in 2021 to $78,033, followed by a decrease in 2022.
The demographic shifts observed in Loves Park align with broader national trends of increasing diversity in suburban areas. Many similar-sized Midwestern cities have experienced comparable changes. The city's economic growth, as reflected in the rising median income, is also consistent with national trends of economic recovery and growth in the post-2008 recession era.
Based on the observed trends, Loves Park is likely to continue its trajectory towards increased diversity. If current trends persist, the city may transition from Low Diversity to Moderate Diversity within the next 5-10 years. The Hispanic population is likely to continue growing, potentially reaching or exceeding 10% of the total population.
Economically, the city may experience continued growth in median income, barring any significant economic downturns. The diversification of the population could contribute to a more robust local economy, potentially attracting new businesses and investment.
In the longer term, if current trends accelerate, Loves Park could potentially evolve into a Transitional Community, with more rapid changes in its racial makeup and potentially moving towards High Diversity status. This transition would likely be accompanied by further economic changes, possibly including shifts in local industries and housing markets to accommodate a more diverse population.