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Demographics
Population
Median Income
Racial Distributions
Zip code 61016 in Cherry Valley, Illinois, is classified as a "White Majority" community with "Low Diversity" as of 2022. The white population constitutes 79% of the total, with other racial groups having smaller representations. The median income in 2022 was $81,768, indicating a relatively affluent area compared to national averages.
Over the past decade, Cherry Valley has maintained its status as a "White Majority" community. There are indications of a gradual shift towards increased diversity, though still within the "Low Diversity" category. The white population percentage has decreased from 90% in 2019 to 79% in 2022, showing a slow but noticeable change.
The Hispanic population has experienced the most significant growth, increasing from 5% in 2019 to 10% in 2022. This trend, along with slight increases in other minority populations, suggests that Cherry Valley may be in the early stages of becoming a "Transitional Community." If these trends continue, the area could potentially move towards "Moderate Diversity" in the future.
The median income in Cherry Valley has shown an upward trend over the past decade, increasing from $72,877 in 2013 to $81,768 in 2022. This represents a 12.2% increase over nine years, outpacing inflation and suggesting overall economic growth in the area.
The highest median income was recorded in 2021 at $87,794, followed by a slight decrease in 2022. This could be related to broader economic factors or changes in the local job market.
The population has remained relatively stable over the decade, fluctuating between approximately 4,500 and 4,700 residents. This stability, combined with increasing diversity and rising incomes, suggests a gradual evolution of the community rather than rapid, disruptive change.
The demographic shifts observed in Cherry Valley align with broader national trends of increasing diversity in suburban and rural areas. The pace of change appears to be slower than in many other parts of the country, particularly urban areas.
The consistent increase in median income is a positive economic indicator, especially given the challenges faced by many communities during the COVID-19 pandemic. This trend suggests that Cherry Valley has maintained economic stability and growth, which may be attracting a more diverse population seeking economic opportunities.
The gradual increase in diversity, particularly in the Hispanic population, reflects similar patterns seen across the Midwest, where traditionally predominantly white communities are experiencing demographic changes due to migration and changing settlement patterns.
Cherry Valley remains a "White Majority" community with "Low Diversity," but there are clear indications of a slow but steady transition towards greater diversity. This change, coupled with economic growth, suggests a community in the early stages of demographic and economic evolution. Continued monitoring of these trends will be crucial to understand the long-term impacts on local community dynamics and economic development.