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Demographic Analysis of Zip Code 60074: Racial Diversity and Economic Trends from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 60074 in Palatine, Illinois, is categorized as a "Moderate Diversity" community as of 2022. The white population constitutes 53% of the total, while the Hispanic population represents 32%. The area exhibits a mix of racial groups without a clear majority. The median income in 2022 was $79,867, indicating a relatively affluent suburban community.
Over the past decade, Palatine has maintained its "Moderate Diversity" status, with notable shifts in racial composition. The white population decreased from 56% in 2013 to 53% in 2022, barely maintaining majority status. The Hispanic population increased from 29% in 2013 to 32% in 2022, suggesting a gradual transition towards a potential "Majority-Minority" status if current trends continue.
The Asian population decreased slightly from 10% to 8%, while the Black population increased from 2% to 5%. These changes contribute to the overall diversification of the community. The median income in Palatine increased from $75,241 in 2013 to $79,867 in 2022, representing a 6.1% increase. This growth slightly outpaced inflation for the same period.
The income growth aligns with the increasing diversity, suggesting that the community has maintained its economic stability while becoming more racially diverse. The population of the zip code has remained relatively stable, peaking at 39,541 in 2015 and settling at 37,182 in 2022. This slight decrease in population coupled with income growth may indicate a trend towards smaller, more affluent households.
The demographic shifts observed in Palatine align with broader national trends of increasing diversity in suburban areas. Many American suburbs have been experiencing a transition from predominantly white communities to more diverse areas, particularly with growth in Hispanic and Asian populations. The economic resilience of the community, as evidenced by the steady increase in median income, suggests that Palatine has managed to integrate increasing diversity without experiencing economic decline.
Palatine exemplifies a "Transitional Community" moving towards greater diversity while maintaining economic stability. The gradual shift from a clear "White Majority" to a more balanced racial composition, coupled with steady income growth, positions this zip code as a microcosm of broader demographic changes occurring in many American suburbs. As the community continues to evolve, it will be important to monitor how these changes affect local institutions, community cohesion, and economic opportunities for all residents.
