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Demographics
Population
Median Income
Racial Distributions
The zip code 61740 in Flanagan, Illinois, is classified as a "Low Diversity" community as of 2022. The population is 96% white, with a median income of $73,925. The community has 1,039 residents as of 2022. These figures represent certain demographic and economic changes over the past decade.
Throughout the period from 2013 to 2022, Flanagan has maintained its "Low Diversity" status. The white population has consistently remained above 90%. Minor demographic shifts include a temporary increase in the Hispanic population from 4% in 2013 to 5% in 2017, followed by a decline to 2% by 2022. From 2016 onwards, small percentages (1-2%) of Asian, Black, and multiracial residents appeared in the community.
The median income in Flanagan has shown an upward trend, increasing from $59,843 in 2013 to $73,925 in 2022, representing a 23.5% growth over nine years. The highest median income was recorded in 2021 at $79,517. This economic growth does not appear to have significantly altered the racial composition of the community.
The population of Flanagan has shown a general declining trend. The peak population was 1,175 residents in 2014, while the current population is 1,039 residents in 2022, representing an 11.6% decrease from the peak. This population decline, combined with rising median incomes, may indicate that while some residents have left, those who remained have experienced improved economic conditions.
The demographic stability and slight population decline in Flanagan align with broader trends seen in many rural American communities. The significant increase in median income over the decade suggests local economic resilience or improvement. Unlike many urban and suburban areas that have seen increasing diversity over the past decade, Flanagan has maintained its homogeneous demographic composition.
In conclusion, Flanagan has experienced notable economic growth over the past decade while remaining a "Low Diversity" community with a predominantly white population. The community has seen subtle increases in minority representation, but not enough to shift its demographic category. The combination of rising incomes and declining population suggests a complex interplay of economic and social factors in the community.