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Demographic Analysis of Wilmington, Illinois: Low Diversity and Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Wilmington, Illinois, is categorized as a "Low Diversity" community based on its demographic profile. As of 2022, the community is 99% white, with minimal representation from other racial groups. This homogeneous racial composition has remained consistent over the past decade. Economically, the village has experienced growth in median income, increasing from $51,308 in 2013 to $72,205 in 2022, indicating a trend of increasing prosperity.
Throughout the period from 2013 to 2022, Wilmington has maintained its status as a "Low Diversity" community. The white population has consistently comprised over 95% of the total, with only minor fluctuations. There have been no significant transitions between diversity categories, highlighting the stable nature of the village's racial composition.
The Hispanic population has shown slight variations, reaching a peak of 2% in 2019 but generally remaining around 1% in most years. Other racial groups have maintained negligible representation, with percentages at or very close to 0% throughout the decade.
While the racial demographics have remained stable, the economic landscape of Wilmington has undergone notable changes. The median income has seen an increase of approximately 40.7% from 2013 to 2022. This growth suggests an improving economic situation for residents. This economic growth has occurred alongside a decrease in population, from 587 in 2010 to 347 in 2022. This inverse relationship between population and median income could indicate a shift towards a more affluent demographic.
Wilmington's demographic stability contrasts with national trends towards increasing diversity in many areas. The increase in median income aligns with broader economic recovery and growth trends observed in many parts of the United States following the 2008 financial crisis.
Based on observed trends, it seems likely that Wilmington will maintain its "Low Diversity" status in the near future. The consistent racial composition over the past decade suggests a stable community structure resistant to significant demographic shifts.
Economically, if the trend of increasing median income continues, further gentrification or transformation of the village into a more affluent enclave may occur. This could potentially lead to further population decrease if housing becomes less affordable for lower-income residents.
The decreasing population trend, if continued, could lead to challenges in maintaining local services and infrastructure. This might eventually impact the village's ability to attract new residents or retain current ones, potentially leading to a reversal in the median income growth trend.
In terms of diversity, while a dramatic shift seems unlikely based on current trends, even small increases in minority populations could, over time, move the village towards a "Transitional Community" status. This would be particularly true if the Hispanic population continues to grow, even incrementally, as it has shown some fluctuation over the years.
In conclusion, while Wilmington has maintained stability in its racial composition, its economic landscape has evolved significantly. The interplay between these demographic and economic factors will likely shape the future of this small Illinois community.
