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Demographic Analysis of Zip Code 61864: Predominantly White Population and Economic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 61864 in Philo, Illinois, is categorized as a community with "Low Diversity" as of 2022. The area is predominantly white, with 99% of the population identifying as such. This racial composition has remained relatively stable over the past decade, with only minor fluctuations. The community has experienced steady economic growth, with the median income rising from $74,616 in 2013 to $97,537 in 2022.
Throughout the analyzed period (2013-2022), Philo has consistently maintained a "White Majority" status, bordering on "Low Diversity." The white population has comprised between 97% and 100% of the total population each year. There have been no significant transitions between diversity categories during this time.
The Hispanic population showed a small presence (1-2%) between 2013 and 2018 but has since decreased to 0% in recent years. In 2021 and 2022, a small percentage (1%) of the population began identifying as two or more races, possibly indicating the very early stages of a slight increase in diversity.
The median income in Philo has shown a strong upward trend, increasing by approximately 31% from 2013 to 2022. This growth in income has occurred alongside the maintenance of the area's racial homogeneity. The population, however, has fluctuated over the years, peaking at 1,675 in 2015 and settling at 1,422 in 2022, which is slightly lower than the 2013 figure of 1,603.
The consistent increase in median income suggests economic prosperity for the predominantly white community. However, the slight decrease in population might indicate that some residents have moved out of the area, possibly seeking opportunities elsewhere or due to other factors such as aging or changes in local industries.
Philo's demographic makeup differs significantly from national averages. The United States as a whole has become increasingly diverse over the past decade, with growing Hispanic, Asian, and multiracial populations. In contrast, Philo has maintained its overwhelmingly white demographic.
The economic growth in Philo appears to be outpacing national averages. The median household income in the United States in 2021 was approximately $70,784, while Philo's median income in the same year was $98,106, significantly higher than the national average.
This combination of low diversity and high economic growth is somewhat unusual in the broader national context. Many economically thriving areas tend to attract a more diverse population, especially in urban and suburban settings. Philo's ability to maintain both its racial homogeneity and economic prosperity suggests a unique local dynamic, possibly influenced by factors such as its rural setting, local industries, or community preferences.
While Philo has experienced significant economic growth over the past decade, its demographic composition has remained largely unchanged. This stability in racial makeup, coupled with economic prosperity, sets it apart from national trends towards increasing diversity in economically thriving areas. As the community moves forward, it will be interesting to observe whether the recent small increases in multiracial identification herald the beginning of a more diverse future for the area, or if the current demographic balance will persist alongside continued economic growth.
