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Demographics
Population
Median Income
Racial Distributions
Zip code 60940 in Grant Park, Illinois, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 3,755 and a median income of $70,731. This rural community has maintained a predominantly white demographic over the past decade, with minimal representation from other racial groups.
Throughout the analyzed period (2013-2022), Grant Park has consistently fallen under the "Low Diversity" category, with the white population constituting over 75% of the total. The community has shown minimal racial demographic shifts, maintaining its "White Majority" status. There have been slight fluctuations in the Hispanic population and an increase in those identifying as two or more races.
The white population remained dominant, fluctuating between 89% and 95% over the decade. The Hispanic population showed some variation, peaking at 8% in 2014-2015 and 2018, before settling at 5% in recent years. The population identifying as two or more races increased from 0% in 2013-2015 to 2-3% in recent years, indicating a slight trend towards more mixed-race residents.
The median income in Grant Park has shown moderate fluctuations over the past decade. From 2013-2015, it increased from $69,475 to $71,175. Between 2016-2019, it declined to a low of $65,551 in 2017 before rising to $68,087 in 2019. From 2020-2022, it showed an overall upward trend, reaching $73,573 in 2021 before slightly decreasing to $70,731 in 2022. These economic shifts do not appear to correlate strongly with the minor demographic changes observed.
Population trends have been relatively stable, with minor fluctuations between 3,500 and 3,800 residents over the decade. This stability in population, combined with the consistent racial makeup and moderate income growth, suggests a community that has experienced limited socio-economic change.
Grant Park appears to be maintaining its traditional demographic composition, in contrast to many suburban and urban areas that have experienced more significant shifts towards greater diversity over the past decade. The median household income in Grant Park ($70,731 in 2022) is above the national median ($69,021 in 2022), indicating a relatively prosperous community.
In conclusion, Grant Park has maintained its status as a "Low Diversity" community with a strong "White Majority" over the past decade. Subtle changes in Hispanic representation and an increase in mixed-race residents hint at the potential for future demographic shifts. The community's economic stability and above-average median income suggest a comfortable, albeit slowly evolving, socio-economic environment.