Demographic Analysis of Zip Code 60423: Racial Composition and Trends from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
The zip code 60423 in Frankfort, Illinois, is classified as a "White Majority" community with "Low Diversity" as of 2022. The area has a predominantly white population (75%) and a median income of $127,704, which is above the national average. This suburb has experienced gradual demographic changes over the past decade, moving towards increased diversity at a slow pace.
Over the past decade, Frankfort has maintained its "White Majority" status while showing signs of transitioning towards increased diversity. The white population decreased from 84% in 2013 to 75% in 2022. The Black population increased from 8% in 2013 to 12% in 2022, showing the most significant growth among minority groups. The Hispanic population increased slightly from 4% to 6% over the decade. The Asian population grew modestly from 1% to 3%. The population identifying as two or more races increased from 1% to 4%.
These demographic shifts have occurred alongside economic growth. The median income increased from $114,677 in 2013 to $127,704 in 2022, an 11.4% growth. The population grew from 31,638 in 2013 to 33,907 in 2022, a 7.2% increase. The rising median income and population growth suggest the area remains attractive to affluent residents, including an increasing number of minority households.
Frankfort is becoming more diverse at a slower pace compared to national trends. The U.S. as a whole has been moving more rapidly towards "Majority-Minority" status, with the white population decreasing at a faster rate nationally. The high median income of Frankfort suggests it may be attracting affluent minorities who can afford to live in this upscale suburb, rather than reflecting broader demographic shifts seen in more urban or economically diverse areas.
The community's gradual transition and high economic status may indicate a balance between maintaining its character as an affluent suburb while slowly embracing greater diversity. This pattern is often seen in wealthy suburban enclaves near major metropolitan areas, where economic barriers to entry can slow the pace of demographic change compared to more affordable or urban regions.
Frankfort remains a "White Majority" community with "Low Diversity," but shows signs of evolving into a "Transitional Community." The correlation between increasing diversity and rising median incomes suggests that this demographic shift is occurring within a context of continued economic prosperity, potentially easing the transition and maintaining the area's appeal to both long-time residents and newcomers from diverse backgrounds.
