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Demographic Analysis of Newman, Illinois: Racial Composition and Economic Trends (2013-2022)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Newman, Illinois, as of 2022, is categorized as a "Low Diversity" community. The city is predominantly white (97% of the population), with minimal representation from other racial groups. The current median income is $60,409, showing an increase over the past decade.
From 2013 to 2022, Newman has consistently remained in the "Low Diversity" category. The white population has maintained a dominant majority, never falling below 93% of the total population. Fluctuations in the percentages of other racial groups have been minimal and have not significantly altered the overall demographic composition.
The median income in Newman has shown an upward trend over the past decade, increasing from $55,150 in 2013 to $60,409 in 2022. This represents an approximate 9.5% increase over nine years. There was a dip in median income between 2013 and 2015, followed by a recovery and subsequent growth.
The population of Newman has experienced a gradual decline over the observed period, decreasing from 1,741 in 2013 to 1,493 in 2022, representing a roughly 14% decrease. This population decline has not negatively impacted the median income, which has continued to rise despite the shrinking population.
The persistent lack of diversity in Newman is notable. The rising median income, despite a declining population, might suggest that the city is experiencing some level of economic stability or growth, possibly due to the retention or attraction of higher-income residents.
Based on the observed trends, it is likely that Newman will continue to be categorized as a "Low Diversity" community in the near future. The white majority has remained stable over the past decade, showing no significant signs of change. Economically, if current trends continue, further increases in median income might be expected.
The declining population could eventually pose challenges for the local economy if it continues unchecked. The city may need to focus on strategies to attract new residents or retain its current population to maintain its economic trajectory.
In conclusion, while Newman has seen some economic improvements over the past decade, its demographic composition has remained largely unchanged. The city faces the dual challenges of increasing its diversity and reversing its population decline to ensure long-term economic and social vitality.
