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Demographics
Population
Median Income
Racial Distributions
The zip code 61041 in Hanover, Illinois, is classified as having Low Diversity as of 2022. The white population comprises 91% of the total, meeting the criteria for one racial group dominating (over 75% of the population) with minimal representation from other groups. The current median income is $55,637, and the population is 761 residents.
Hanover has maintained its Low Diversity status over the past decade. The white population has consistently remained above 91% throughout the observed period. However, there are indications of increasing diversity, albeit at a slow rate. From 2013 to 2022, the white population decreased from 97% to 91%. This change suggests the community may be in the early stages of becoming a Transitional Community, though the pace of change is very slow. The Hispanic population grew from 1% to 3%, and the two or more races category also increased from 1% to 3%. These small shifts indicate a gradual trend towards slightly increased diversity.
The median income in Hanover has shown moderate growth over the past decade. In 2013, the median income was $49,832, and by 2022 it had increased to $55,637, representing an 11.6% growth over nine years. This growth rate is modest but positive, suggesting a gradually improving economic situation for residents. The population has fluctuated over the years, starting at 856 in 2013, dropping to a low of 624 in 2018, and then rebounding to 761 in 2022. These population changes do not appear to strongly correlate with income changes, suggesting that other factors may be influencing population movements.
The slight increase in diversity coincides with the modest income growth, which could indicate that the area is becoming marginally more attractive to a wider range of residents. However, the changes are too small to draw definitive conclusions about cause and effect.
The trend of slowly increasing diversity in Hanover aligns with broader national trends of increasing diversity in many communities across the United States. However, the pace of change in Hanover appears to be much slower than in many other areas, particularly urban and suburban regions that have seen more rapid demographic shifts. The income growth in Hanover, while positive, may be slightly below national averages for the same period, depending on inflation rates and overall economic growth in the country. This suggests that while the community is experiencing some economic improvement, it may not be keeping pace with more rapidly growing areas.
Hanover presents a picture of a stable, predominantly white community with very gradual trends towards increased diversity and modest economic growth. While changes are occurring, they are happening at a pace that is unlikely to dramatically alter the character of the community in the short term. The community may benefit from efforts to attract a more diverse population and stimulate economic growth to ensure long-term vitality and resilience.