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Demographics
Population
Median Income
Racial Distributions
The zip code 61747 in Hopedale, Illinois, is classified as a "Low Diversity" community as of 2022. The population is 97% white, with a median income of $69,398 and a total population of 1,182.
Hopedale has maintained its status as a "Low Diversity" community over the past decade. The white population has consistently remained above 97% from 2013 to 2022, with minimal representation from other racial groups. Minor changes include a 1% Hispanic population since 2016, a slight increase in the "Two or More Races" category to 2% in 2022, and a Black population fluctuating between 0% and 1%.
The median income in Hopedale has experienced significant fluctuations over the past decade. From 2013 to 2018, there was a steady increase from $56,376 to $73,807, representing a 31% growth. A slight decline occurred in 2019-2020, followed by a sharp increase to $81,391 in 2021, and a significant drop to $69,398 in 2022. These economic fluctuations do not appear to correlate directly with the minor demographic shifts observed.
Population trends show a general increase from 1,099 in 2010 to 1,182 in 2022, with fluctuations in between. The peak population was recorded in 2021 at 1,274, coinciding with the highest median income.
Hopedale appears to be resisting the national trend of increasing diversity, maintaining its homogeneous racial composition. This stability in racial demographics is more typical of rural, smaller communities, especially in the Midwest.
The income fluctuations, particularly the sharp rise in 2021 followed by a significant drop in 2022, may reflect broader economic trends related to the COVID-19 pandemic and its aftermath. Many areas experienced temporary economic boosts due to government stimulus measures in 2021, followed by corrections as these measures were phased out.
Hopedale demonstrates economic dynamism with its fluctuating median income, while its racial composition remains notably stable. The community continues to be characterized by low diversity, with only minor indications of potential future demographic shifts. This stability in racial composition, coupled with economic fluctuations, suggests that local economic factors, rather than demographic changes, have been the primary drivers of socio-economic trends in this zip code over the past decade.