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Demographic Analysis of Zip Code 60960: A Predominantly White Community
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 60960 in Rankin, Illinois, is classified as a "Low Diversity" community as of 2022. The population is 94% white, with a total of 1,337 residents. The median income for this area is $66,347.
Over the past decade, Rankin has maintained its "Low Diversity" classification. From 2013 to 2015, the community was 98-99% white. Between 2016 and 2021, there was a slight increase in diversity, with the white population decreasing to 91-92%. This period saw a small increase in the Hispanic population and those identifying as two or more races. In 2022, this trend slightly reversed, with the white population increasing to 94% and the Hispanic population decreasing.
The median income in Rankin has shown an upward trend over the past decade. From 2013 to 2019, the median income increased from $53,137 to $60,123, an average annual growth of about 2.1%. From 2019 to 2021, there was a more significant increase, rising to $66,955, an average annual growth of about 5.5%. In 2022, there was a slight decrease to $66,347, still representing a substantial increase from a decade earlier.
The economic growth in Rankin appears to have occurred independently of the minor demographic shifts. This suggests that local economic factors may have been more influential than demographic changes in driving income growth.
The persistent low diversity in Rankin contrasts with national trends towards increasing diversity in many areas of the United States. The steady increase in median income aligns with broader economic trends of recovery and growth following the 2008 financial crisis, although the more rapid growth from 2019 to 2021 is notable and may reflect local economic developments.
The population of Rankin has remained relatively stable over the decade, fluctuating between about 1,230 and 1,380 residents. This stability in a small community might contribute to the persistence of its demographic makeup.
In conclusion, Rankin has experienced significant economic growth over the past decade, while its racial demographics have remained largely unchanged, maintaining its status as a low diversity community. The slight increases in diversity observed in the mid-2010s did not develop into a sustained trend, and the community remains predominantly white. This stability in demographics, coupled with economic growth, suggests a community that has experienced economic improvements while maintaining its traditional demographic composition.
