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Demographic Analysis of Zip Code 60642: White Majority with Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The 60642 zip code in Chicago, Illinois, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 22,462 and a median household income of $114,113, indicating a relatively affluent urban neighborhood.
Over the past decade, this zip code has maintained its status as a "White Majority" area, with the white population consistently comprising over 50% of residents. The percentage of white residents has slightly increased from 59% in 2013 to 63% in 2022. The Hispanic population has decreased from 20% in 2013 to 14% in 2022. The Asian population has increased slightly from 5% in 2013 to 7% in 2022.
The Black population has remained relatively stable, fluctuating between 9-12% throughout the decade. The population identifying as Two or More Races has increased from 3% in 2013 to 5% in 2022. The area has maintained a "Moderate Diversity" status throughout the decade, with significant representation from Hispanic, Black, and Asian populations.
The zip code has experienced substantial economic growth over the past decade. The median income increased from $81,609 in 2013 to $114,113 in 2022, a 40% increase over nine years. The population grew from 19,968 in 2013 to 22,462 in 2022, an increase of about 12.5%.
The rising median income correlates with the slight increase in the white population percentage and the decrease in the Hispanic population. This could suggest gentrification processes, where rising property values and living costs may be pricing out some lower-income residents.
This zip code's trends align with patterns seen in many urban areas across the United States. The significant increase in median income, coupled with demographic shifts, suggests gentrification processes similar to those in other major cities. Despite maintaining a white majority, the increase in Asian population and those identifying as two or more races aligns with national trends towards increasing diversity in urban areas. The high median income and demographic shifts may indicate growing income inequality, a common issue in many U.S. cities.
In conclusion, while the 60642 zip code maintains its status as a "White Majority" area with "Moderate Diversity," it has undergone subtle but significant demographic and economic changes over the past decade. These changes reflect broader urban trends of gentrification, increasing diversity, and potentially growing income inequality. The area's evolution suggests a dynamic urban environment that continues to attract new residents and economic growth, while also potentially displacing some long-term residents.
