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Demographics
Population
Median Income
Racial Distributions
Verona, Illinois, is classified as a Low Diversity community. As of 2022, the white population comprises 90% of the total, exceeding the 75% threshold for this classification. The village has a population of 218 residents and a median income of $64,999.
Over the past decade, Verona has maintained its Low Diversity status. From 2013 to 2022, the white population increased from 83% to 90%, while the Hispanic population decreased from 16% to 6%. A new category, "two or more races," emerged in 2021, representing 3-4% of the population in recent years. These changes indicate a trend towards lower diversity, with the white majority strengthening over time.
The median income in Verona has fluctuated significantly. It peaked in 2021 at $80,892, increasing from $62,276 in 2013. However, there was a sharp decline to $64,999 in 2022. Despite this recent drop, the overall trend shows an increase in median income over the decade.
The population has steadily decreased from 300 in 2010 to 218 in 2022, a decline of about 27%. This population decrease, coupled with the increasing white majority, suggests a possible outmigration of minority groups, particularly Hispanics.
Verona appears to be moving in the opposite direction of national trends that often show increasing diversity in many communities. This could be due to factors such as limited economic opportunities for minority groups, possible cultural or social factors making the community less attractive to diverse populations, and the small size of the community, which makes it more susceptible to rapid demographic shifts based on the decisions of a few families.
Based on the observed trends, Verona will likely continue to be categorized as a Low Diversity community in the near future. The strengthening white majority and decreasing Hispanic population suggest this trend will persist. However, the emergence of the "two or more races" category could potentially lead to a slight increase in diversity over time.
Economically, the sharp decline in median income from 2021 to 2022 is concerning and warrants close monitoring. If this decline continues, it could potentially lead to further population decrease and demographic shifts.
In the long term, if the community seeks to reverse the trend of decreasing population and diversity, it may need to implement targeted strategies to attract and retain a more diverse population. Without such interventions, Verona is likely to remain a Low Diversity community with a strong white majority for the foreseeable future.