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Demographic Analysis of Zip Code 60020: Examining Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 60020 in Fox Lake, Illinois, is classified as a "White Majority" community with low to moderate diversity as of 2022. The white population comprises 79% of the total, while Hispanic residents account for 14%. The median income in 2022 was $62,160, showing an increase from previous years but a decrease from the 2021 peak of $70,869.
Over the past decade, Fox Lake has maintained its "White Majority" status, but signs of gradual diversification are evident. The white population percentage decreased from 86% in 2013 to 79% in 2022, while the Hispanic population increased from 9% to 14% during the same period. This trend indicates a slow transition towards increased diversity, though not yet reaching the threshold for "Moderate Diversity" or "Transitional Community" as defined in the study.
The community has experienced a slight increase in the representation of Black residents (from 0% in 2013 to 3% in 2022) and those identifying as two or more races (from 1% to 3%). These changes contribute to the overall trend of increasing diversity.
The median income in Fox Lake has shown an overall upward trend, increasing from $53,493 in 2013 to $62,160 in 2022, with fluctuations in between. A significant spike occurred in 2021 to $70,869 before decreasing in 2022. This general increase in median income correlates with the gradual diversification of the community.
The population has remained relatively stable over the decade, with a slight increase from 7,690 in 2013 to 8,043 in 2022. This modest growth, combined with the increasing diversity and rising median income, indicates a slowly evolving community profile.
Fox Lake is becoming more diverse, but it remains less diverse than many urban areas in Illinois or the United States. The gradual nature of this diversification is consistent with trends seen in many suburban and small-town communities across the country. The economic growth in Fox Lake aligns with broader national trends of economic recovery and growth following the 2008 recession. The fluctuations, particularly the sharp rise and fall in 2021-2022, may reflect local economic factors or the impacts of the COVID-19 pandemic.
Fox Lake (zip code 60020) is experiencing a slow but steady transition towards greater diversity while maintaining its "White Majority" status. This demographic shift is accompanied by generally positive economic trends, as evidenced by the rising median income. The area shows signs of gradual change that may continue in the coming years, potentially leading to a more diverse and economically dynamic community.
