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Demographics
Population
Median Income
Racial Distributions
The zip code 60616 in Chicago, Illinois is classified as a "High Diversity" area as of 2022. No racial group exceeds 40% of the population, and three groups have significant representation exceeding 10% each. The Asian population comprises 35%, followed by White at 28%, and Black at 25%. Hispanic residents make up 8% of the population.
Over the past decade, the zip code has maintained its "High Diversity" status. However, subtle shifts have occurred within this categorization. The Asian population declined from 41% in 2017 to 35% in 2022. The White population increased from 23% in 2017 to 28% in 2022. The Black population remained relatively stable between 23-25%. The Hispanic population decreased slightly from 11% in 2013 to 8% in 2022.
The median income in this zip code has shown an upward trend, particularly in recent years. From 2013 to 2017, it remained relatively stable, ranging from $51,640 to $54,240. From 2018 to 2022, there was a sharp increase from $53,665 to $67,258. This income growth correlates with the demographic shifts, particularly the increase in the White population percentage and the slight decrease in the Asian population.
Population figures have remained relatively stable over the decade, with a slight increase from 50,569 in 2013 to 52,637 in 2022. This stability, combined with rising incomes, suggests that the area is becoming more affluent without significant displacement or rapid population growth.
The trends observed in this zip code align with broader patterns seen in many urban areas across the United States. These include increasing diversity in urban centers, gentrification processes leading to demographic shifts and rising incomes, and stable or slightly growing populations in desirable urban areas. The substantial income growth in recent years (about 25% increase from 2018 to 2022) outpaces national averages for the same period, suggesting that this area is experiencing more rapid economic changes than many other parts of the country.
The 60616 zip code represents a highly diverse, economically improving area that is undergoing gradual demographic shifts. These changes indicate a community in transition, likely influenced by broader urban development trends and changing economic opportunities. The challenge for this community will be maintaining its diversity while managing the potential impacts of gentrification and ensuring equitable access to the area's growing prosperity.