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Demographic Analysis of Zip Code 60416: 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 60416 in Coal City, Illinois, is classified as a "Low Diversity" community as of 2022. The white population comprises 91% of the total, meeting the criteria for a dominant racial group. The median income for 2022 was $73,615, and the population was 8,077.
Coal City has maintained its "Low Diversity" status over the past decade. The white population has remained above 90% from 2013 to 2022, with minimal fluctuations. There are minor indications of increasing diversity. The Hispanic population has increased from 3% in 2013 to 7% in 2022. The category of "two or more races" doubled from 1% to 2% between 2013 and 2021, but returned to 1% in 2022.
The median income in Coal City has fluctuated over the past decade. From 2013 to 2019, there was a general upward trend, peaking at $81,079 in 2019. A significant decrease occurred in 2020, dropping to $73,347, possibly due to the economic impacts of the COVID-19 pandemic. Since then, the median income has remained relatively stable with minor fluctuations.
The gradual increase in the Hispanic population appears to correlate with the overall increase in median income up to 2019. However, the relationship between demographic shifts and economic trends is not straightforward, as both have experienced volatility in recent years.
Population figures have shown a general declining trend from 8,469 in 2010 to 7,617 in 2020, with a slight increase to 8,077 in 2022. This overall decline does not appear to have a clear correlation with the subtle demographic shifts or income changes.
Coal City appears to be changing at a slower pace compared to national trends of increasing diversity. The persistent "Low Diversity" categorization suggests that this community may be less affected by broader demographic shifts seen in more urban or rapidly changing areas.
The median income in Coal City ($73,615 in 2022) is higher than the national median household income (approximately $70,784 in 2021), indicating a relatively prosperous community. However, the income volatility and population decline suggest that the area may be experiencing some economic challenges or transitions.
In conclusion, Coal City remains a predominantly white, low-diversity community, with subtle signs of increasing diversity, particularly in the Hispanic population. The economic situation is mixed, with relatively high median incomes but recent volatility and population decline. These trends indicate a community that is slowly changing while maintaining much of its traditional demographic composition.
