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Demographic Analysis of Zip Code 61240: Predominantly White Community with Increasing Median Income
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 61240 in Coal Valley, Illinois, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The population is 92% white, with a median income of $86,959. The community's demographic profile has remained stable over the past decade, with minimal changes in racial composition.
Throughout 2013-2022, Coal Valley maintained its "Low Diversity" and "White Majority" status. The white population consistently exceeded 90%. A slight increase in diversity occurred, with the Hispanic population growing from 3% in 2013 to 5% in 2022, and a small percentage (1%) identifying as two or more races or other races in recent years. These changes did not significantly alter the community's diversity category.
The median income in Coal Valley has shown an upward trend over the past decade. It increased from $77,023 in 2013 to $86,959 in 2022, representing a 12.9% rise. This growth suggests an improving economic situation for residents. A notable increase in median income occurred between 2019 ($79,841) and 2021 ($90,793), possibly indicating broader economic shifts or changes in the local job market.
The population remained relatively stable, fluctuating between approximately 6,400 and 6,700 residents throughout the decade. This stability, combined with the increasing median income, suggests economic growth without significant demographic change or influx of new residents.
Coal Valley has maintained its demographic composition with minimal change, contrasting with national trends of increasing diversity in many communities. The area's stability differs from many regions that have become "Transitional Communities" or moved towards "Moderate Diversity."
The steady increase in median income in Coal Valley exceeds the national average income growth over the same period, indicating stronger economic gains than many other areas of the country. This could be attributed to local economic factors, such as strong industries or job markets in the region.
Coal Valley demonstrates a stable, predominantly white community that has experienced significant economic growth over the past decade. Minor increases in diversity, particularly in the Hispanic population, have not substantially altered the area's overall demographic categorization. The combination of demographic stability and economic growth suggests a community that has maintained its character while improving its financial standing.
