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Demographics
Population
Median Income
Racial Distributions
Zip code 61875 in Mahomet, Illinois, is classified as a "Low Diversity" community with a "White Majority" as of 2022. The area has a population of 1,814 and a median household income of $123,936, indicating an affluent suburban or small-town setting.
Over the past decade, Mahomet has maintained its status as a "Low Diversity" community with a "White Majority." The white population has slightly decreased from 90% in 2013 to 85% in 2022. The Hispanic population has shown the most significant growth, increasing from negligible levels in 2013 to 11% in 2022. Other minority groups have maintained relatively stable, small percentages throughout the decade.
The economic trajectory of Mahomet has been positive, with median household income rising from $74,907 in 2013 to $123,936 in 2022, representing a 65% growth over nine years. This income growth coincided with a population increase from 1,305 in 2013 to 1,814 in 2022, a 39% rise.
The correlation between demographic shifts and economic trends suggests that the area's growing affluence may be attracting a more diverse population, particularly Hispanic residents. The increasing diversity, albeit slow, might be contributing to economic growth through new businesses, skills, or cultural attractions.
The median household income of $123,936 in 2022 is significantly higher than the national median, indicating that Mahomet is a particularly affluent community. The gradual increase in diversity, especially the growth of the Hispanic population, aligns with broader national trends of increasing diversity in suburban and small-town America. The substantial income growth over the past decade outpaces national averages, suggesting that Mahomet is experiencing more rapid economic development than many other areas.
In conclusion, Mahomet remains a "Low Diversity" community with a strong "White Majority," but there are signs of a slow transition towards greater diversity. This demographic shift is occurring alongside significant economic growth, suggesting a dynamic and evolving community. The coming years will be crucial in determining whether these trends accelerate, potentially moving the area towards "Moderate Diversity" or maintaining its current demographic composition while continuing its economic ascent.