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Demographic Analysis of Ransom, Illinois (60470): Predominantly White Population
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Ransom, Illinois (zip code 60470) is a Low Diversity community with a White Majority. As of 2022, the white population comprises 97% of the total, with a Hispanic presence of 2% and 1% identifying as two or more races. The median income in 2022 was $60,146, lower than the peak of $73,451 in 2017. The community has experienced population decline, decreasing from 918 residents in 2010 to 757 in 2022.
Throughout 2013-2022, Ransom maintained its status as a Low Diversity community with a White Majority. The white population remained above 95% for the entire decade, showing minimal fluctuation. There have been no significant transitions between diversity categories during this time.
The Hispanic population has shown slight variations, ranging from 1% to 3% over the years, without a clear trend. The community has not displayed characteristics of a Transitional Community, as the changes in racial composition have been minimal and do not indicate a significant trend towards increasing diversity.
The median income in Ransom has fluctuated over the decade, with no clear long-term trend. It reached its peak in 2017 at $73,451 but has since declined to $60,146 in 2022. This decline coincides with a gradual decrease in population, which might suggest that higher-earning residents have been leaving the area.
The population decline from 918 in 2010 to 757 in 2022 represents a decrease of about 17.5% over 12 years. This consistent decline could be indicative of broader economic challenges in the area, such as limited job opportunities or changes in local industries.
The racial homogeneity of Ransom contrasts with national trends towards increasing diversity in many areas of the United States. The population decline in Ransom goes against the trend of overall population growth in the United States. This could suggest that the area is facing particular challenges causing residents to move elsewhere.
The median income in Ransom, while fluctuating, has generally remained above $60,000. This is close to the national median household income, which was about $67,521 in 2020. However, the declining trend in recent years could be a cause for concern if it continues.
Ransom presents demographic stability in racial composition, maintaining its status as a Low Diversity, White Majority community throughout the observed period. However, the economic indicators and population trends suggest challenges, with a declining population and fluctuating median income. These trends may indicate a need for economic development initiatives to attract and retain residents, particularly if the community aims to reverse the population decline and stabilize or improve median incomes.
