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Demographic Analysis of Stoy, Illinois: Low Diversity and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Stoy, Illinois, is classified as a Low Diversity community with a White population of 95% as of 2022. The village's population increased from 960 in 2010 to 1,512 in 2022. The median income rose to $69,499 in 2022, indicating economic growth.
Throughout the analyzed period, Stoy has maintained its Low Diversity category, with the White population consistently above 90%. The White population percentage decreased from 98% in 2018 to 95% in 2022. The Hispanic population increased from 0% in 2013 to 1% in 2022. The "Two or More Races" category fluctuated, peaking at 7% in 2019 before settling at 4% in 2022. These changes suggest a slow trend towards increased diversity.
The median income in Stoy increased from $52,413 in 2013 to $69,499 in 2022, representing a 32.6% increase over nine years. This economic growth correlates with the slight increase in diversity. The population growth of 57.5% from 2010 to 2022, combined with rising median incomes, indicates a growing and economically improving community.
Stoy's demographic makeup is less diverse than many urban and suburban areas in Illinois. The village's economic growth appears to be in line with or potentially outpacing national trends, given the substantial median income increase of 32.6% over nine years.
Based on observed trends, Stoy is likely to remain in the Low Diversity category for the foreseeable future. If current trends continue, the community might eventually transition into a Transitional Community category. This transition would be marked by a gradual decrease in the White population percentage, further increases in the Hispanic population and those identifying as Two or More Races, and possible emergence of other racial groups in small but growing numbers.
Economically, if current trends persist, the village can expect continued growth in median income and population. This economic prosperity might attract more diverse residents over time, potentially accelerating the slow shift towards increased diversity.
Stoy remains a Low Diversity community with a strong White majority. Subtle demographic shifts and robust economic growth suggest the potential for gradual change in the coming years. The community's future may involve a slow transition towards greater diversity, driven by economic opportunities and population growth.
