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Demographic Analysis of Zip Code 61720: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
As of 2022, zip code 61720 in Anchor, Illinois, is categorized as a "Low Diversity" community. The area is predominantly white (83% of the population), with a Hispanic presence (11%) and individuals identifying as two or more races (5%). The current median income is $61,124, with a population of 306 residents.
Over the past decade, Anchor has undergone a transition in its racial composition. From 2013 to 2018, the community maintained a high white population (97-99%). Starting in 2019, a shift towards increased diversity began. The white population decreased from 98% in 2018 to 73% in 2019, then stabilized around 83% in 2021-2022. The Hispanic population increased from 2% in 2018 to 26% in 2019, before settling at 11% in 2021-2022. The "two or more races" category emerged in the data from 2019 onwards, reaching 5-6% in recent years.
These changes suggest the early stages of a "Transitional Community," indicating a trend towards greater diversity, albeit still limited. The demographic shifts correlate with economic changes. Median income rose from $55,138 in 2013 to $71,370 in 2018, coinciding with the period of highest white population percentage. As racial diversity increased in 2019, median income declined to $67,702. From 2020 to 2022, as the racial composition stabilized with increased diversity, the median income settled at around $61,000.
These trends suggest that the initial increase in diversity may have been associated with economic adjustments in the community. The stabilization of both racial composition and income in recent years indicates a new equilibrium may be forming.
The demographic changes in Anchor are relatively mild compared to national trends. The slight increase in Hispanic population and emergence of a multiracial category aligns with broader national patterns, but at a slower pace. The economic trends in Anchor differ from national averages. While the U.S. median household income has generally trended upward over the past decade, Anchor saw a rise and then a decline. This suggests that local economic factors, possibly related to the changing demographics or other community-specific issues, are influencing income levels more than national economic trends.
Anchor remains a predominantly white, low-diversity community, but the data indicates the early stages of a demographic transition. This shift appears to have had some impact on local economic conditions. As the community continues to evolve, it will be important to monitor how these demographic changes influence local socioeconomic dynamics and community life.
