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Demographic Analysis of Zip Code 62294: Predominantly White Population in Troy, Illinois
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 62294 in Troy, Illinois, is classified as having "Low Diversity" as of 2022. The population is 94% white, a classification that has remained stable over the past decade. The median income in the area is $81,504, indicating a relatively affluent community compared to national averages.
From 2013 to 2022, Troy has consistently maintained its "Low Diversity" status, with the white population representing over 75% of the total. The white population has increased from 87% in 2013 to 94% in 2022. Black and Asian populations have remained at 1% or less, while the Hispanic population has decreased from 6% in 2013 to 3% in 2022. The percentage of individuals identifying as two or more races has remained stable at approximately 2%.
The median income in Troy has fluctuated but remained high over the years. It peaked at $83,617 in 2021 before decreasing slightly to $81,504 in 2022. The lowest recorded median income was $77,382 in 2018. From 2013 to 2022, the median income has shown a slight overall increase from $82,439 to $81,504, indicating relative economic stability.
The population of Troy has grown from 10,743 in 2013 to 11,686 in 2022, an increase of approximately 8.8%. This growth, combined with the consistently high median income, suggests that the area has remained attractive to residents.
Troy's demographic trends contrast with national trends that show increasing diversity in many urban and suburban areas. The area's demographic composition may be influenced by factors such as resident self-selection, economic barriers for diverse populations, and limited job opportunities or cultural amenities that might attract a more diverse population.
The economic stability of Troy, as evidenced by the consistently high median income, differs from many parts of the country that have experienced more economic volatility over the past decade. This stability may contribute to maintaining the current demographic composition.
Troy represents a stable, affluent, and predominantly white community that has not followed the national trend towards increasing diversity. The economic strength and population growth of the area suggest that this demographic composition is likely to persist in the near future, barring significant external factors that could alter the current trajectory.
