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Demographic Analysis of Zip Code 61862: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 61862 in Penfield, Illinois, is classified as a "Low Diversity" community as of 2022. The white population comprises 92% of the total, surpassing the 75% threshold for this classification. The area has a population of 578 and a median income of $81,400, indicating a relatively stable economic situation in recent years.
Penfield has maintained its status as a "Low Diversity" community over the past decade. The white population has consistently remained above 85% throughout the observed period, with minor fluctuations. There are subtle indications of increasing diversity. The Hispanic population increased from 3% in 2013 to 6% in 2022. The category of Two or More Races doubled from 1% to 2% between 2013 and 2022. In 2022, a 1% Black population was recorded for the first time in the dataset.
The median income in Penfield has shown a general upward trend over the past decade. In 2013, it was $66,402, rising to $71,427 in 2017, peaking at $90,378 in 2021, and settling at $81,400 in 2022. This overall increase in median income suggests economic growth in the area. The peak in median income in 2021 coincided with a slight dip in the white population percentage to 92%, compared to 95% in 2020 and 2022.
The population has grown modestly from 531 in 2013 to 578 in 2022, a 9% increase over the decade. This steady growth, combined with rising incomes, suggests a stable community.
Penfield's demographic changes appear to be occurring at a slower rate compared to national trends. The 92% white majority is significantly higher than the national average of around 60% white in 2020. The median household income of $81,400 in 2022 is above the national median of about $70,784 for the same year, indicating that Penfield is a relatively affluent area.
The slight increases in Hispanic and multiracial populations align with broader national trends of growing diversity in these categories, albeit at a much slower rate in Penfield. The area's economic strength may play a role in attracting a slightly more diverse population over time. However, any significant shift towards greater diversity would likely occur over a much longer period than the decade observed, barring any major changes in local economic or social factors.
