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Demographic Analysis of Zip Code 60123: Race Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The 60123 zip code in Elgin, Illinois, is classified as a "Majority-Minority" community with "Moderate Diversity" as of 2022. The Hispanic population comprises 44%, followed by White at 41%, Black at 7%, and Asian at 5%. The median income is $69,578, showing a slight decrease from the previous year but an overall increase over the past decade.
This zip code has transformed from a "White Plurality" community in 2013 to its current "Majority-Minority" status. The Hispanic population grew from 39% in 2013 to 44% in 2022, while the White population decreased from 49% to 41%. The community has maintained "Moderate Diversity" throughout this period, with two major groups consistently representing over 20% of the population.
The median income increased from $60,295 in 2013 to $69,578 in 2022, representing a 15.4% growth. This increase suggests that the changing demographic composition has not negatively impacted the overall economic health of the community. The population has remained relatively stable, growing slightly from 48,175 in 2013 to 48,742 in 2022.
The demographic shifts in this zip code align with broader national trends of increasing diversity in suburban areas. Many suburbs across the United States have been experiencing similar transitions from predominantly White communities to more diverse, majority-minority areas. This change often reflects both internal migration patterns and immigration trends.
The economic growth in this zip code, despite significant demographic changes, is a positive indicator. It suggests that the community has been able to integrate new populations while maintaining and even improving its economic status. This outcome contrasts with some areas where rapid demographic changes have been associated with economic challenges.
The community could be classified as a "Transitional Community" given the consistent increase in the Hispanic population and the gradual rise in the "Two or More Races" category over the past five years. This transition appears to be occurring smoothly, without significant economic disruption, which is a positive sign for community cohesion and adaptability.
The 60123 zip code in Elgin, Illinois, exemplifies a successfully diversifying suburban community. It has transitioned from a White Plurality to a Majority-Minority area while experiencing economic growth. This pattern of change suggests a community that is adapting well to demographic shifts, potentially offering insights for other areas undergoing similar transitions.
