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Demographic Analysis of Zip Code 61874: White Majority with Low Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 61874 in Savoy, Illinois, is classified as a "White Majority" community with "Low Diversity" as of 2022. The population is 5,541 with a median household income of $100,245, indicating an affluent suburban area. The white population constitutes 76% of the total, significantly outnumbering other racial groups.
Over the past decade, Savoy has maintained its "White Majority" status. The Asian population has shown the most notable change, increasing from 13% in 2013 to 18% in 2019, then returning to 13% in 2022. Black and Hispanic populations have remained stable at around 4-5% each throughout the decade. The category of Two or More Races has shown minimal change, consistently representing about 2-3% of the population.
The median household income in Savoy has demonstrated a strong upward trend. In 2013, the median income was $83,784. By 2022, it had increased to $100,245, representing a growth of about 20% over nine years. The most significant increase occurred between 2020 and 2021, with income rising from $94,008 to $103,932.
This economic growth correlates with the slight increase in racial diversity observed in the mid-2010s. The rising incomes may have attracted more diverse, highly-skilled professionals to the area, particularly in the Asian community. Population growth has been steady, increasing from 4,470 in 2013 to 5,541 in 2022, a rise of about 24%. This growth rate exceeds the national average and suggests that Savoy is an attractive destination for new residents.
The median household income in Savoy ($100,245 in 2022) is significantly higher than the national median ($70,784 in 2021), indicating a more affluent community. The persistent "White Majority" status with low diversity differs from national trends towards increasing diversity in suburban areas. However, the growth in the Asian population aligns with broader patterns of Asian immigration and relocation to affluent suburban communities across the United States. The steady population growth suggests that Savoy is economically vibrant and attractive to new residents, possibly due to job opportunities, quality of life, or its proximity to educational institutions.
In conclusion, Savoy has not undergone dramatic demographic shifts over the past decade. It has experienced subtle changes that suggest increasing diversity, particularly with growth in its Asian population. These changes, combined with significant economic growth, indicate a prosperous, slowly diversifying suburban community that remains predominantly white but is gradually becoming more multicultural.
