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Demographic Analysis of Weldon, Illinois: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Weldon, Illinois, is categorized as a "Low Diversity" community. As of 2022, the village has a white majority of 91%, with a small representation of other racial groups. The village's population is 463 in 2022 and the median income is $61,590.
Over the past decade, Weldon has maintained its status as a "Low Diversity" community. However, there are subtle shifts indicating a gradual move towards increased diversity. The white population percentage has decreased from 98% in 2013 to 91% in 2022. The percentage of residents identifying as two or more races has increased from 2% in 2013 to 6% in 2022. Hispanic representation has grown from 0% in 2013 to 1% in 2022.
The median income in Weldon has shown growth over the past decade. In 2013, the median income was $48,054. By 2021, it peaked at $72,499, an increase of about 51%. However, there was a decrease to $61,590 in 2022. This overall upward trend in median income coincides with the gradual increase in diversity.
Population trends have been fluctuating. The population grew from 428 in 2013 to a peak of 680 in 2018. Since then, it has declined to 463 in 2022. These fluctuations could be indicative of changing economic opportunities or other factors affecting the village's attractiveness to residents.
Weldon's demographic composition contrasts with national trends towards increasing diversity. The village's slow pace of diversification suggests it may be lagging behind national averages in this regard.
Based on the observed trends, it is likely that Weldon will continue its slow transition towards greater diversity over the next decade. While it may not reach the threshold for "Moderate Diversity" in the near future, it could potentially move from "Low Diversity" to a more pronounced "Transitional Community" status.
Economically, if the village can maintain its trend of increasing median income, it may attract more diverse residents seeking economic opportunities. However, the recent population decline suggests there might be challenges in retaining or attracting new residents.
Weldon appears to be at the beginning of a slow demographic transition. While still predominantly white, the gradual increase in diversity, coupled with overall positive economic trends, suggests the potential for more significant demographic changes in the future. The community's ability to attract and retain a diverse population while maintaining economic growth will be crucial in determining its future demographic and economic landscape.
