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Demographics
Population
Median Income
Racial Distributions
The zip code 60071 in Richmond, Illinois, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The total population is 4,322 with a median income of $75,084. The white population comprises 87% of the total, exceeding the 75% threshold for low diversity classification.
Over the past decade, Richmond has maintained its "Low Diversity" status with a "White Majority." The white population percentage has decreased slightly from 92% in 2013 to 87% in 2022. The Hispanic population has shown the most significant growth, increasing from 4% in 2013 to 10% in 2022. Other racial groups have maintained relatively stable, low percentages throughout the decade.
The median income in Richmond has fluctuated over the years. It increased from $73,545 in 2013 to $88,940 in 2018, representing a 20.9% growth. Since 2018, there has been a decline, with the median income dropping to $75,084 in 2022, a 15.6% decrease from the 2018 peak. The population has shown modest growth, increasing from 4,078 in 2013 to 4,322 in 2022, a 6% increase over the decade.
The gradual increase in diversity, particularly the growth of the Hispanic population, aligns with broader national trends of increasing diversity in many communities across the United States. The median income, even after the recent decline, remains above the national median, suggesting that Richmond maintains a relatively strong economic position. The community's resistance to rapid demographic change, maintaining its "Low Diversity" status over a decade, may indicate that it is a more stable, established community compared to faster-changing urban or suburban areas.
Richmond remains a predominantly white, low-diversity community, but there are signs of gradual change towards increased diversity, primarily driven by growth in the Hispanic population. The economic fluctuations over the past decade, particularly the recent downward trend in median income, may present challenges for the community moving forward. However, the overall economic position remains relatively strong compared to national averages. As the community continues to evolve, it will be important to monitor how these demographic and economic trends interact and shape the future of Richmond.