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Demographics
Population
Median Income
Racial Distributions
The zip code 62461 in Shumway, Illinois, is classified as a "Low Diversity" community as of 2022. The population is 99% white, a composition that has remained stable over the past decade. The community has experienced economic growth, with median income increasing from $55,840 in 2013 to $98,280 in 2022.
From 2013 to 2022, Shumway maintained its "Low Diversity" status. The white population consistently exceeded 97% during this period. Native American presence was noted at 1% from 2017 to 2021, and a 1% Hispanic population appeared in 2022. These small percentages do not significantly alter the overall classification of the community.
Economic changes in Shumway are notable. The median income increased by 76% over nine years. The population declined from 1,060 in 2013 to 890 in 2019, but then increased significantly, reaching 1,446 in 2022. This represents a 36% population growth from 2013 to 2022. The increase in population from 2020 onwards coincides with a substantial rise in median income.
The 99% white population in Shumway is above the national average. The median income growth of 76% in Shumway from 2013 to 2022 outpaces the national average of about 10%. With approximately 48 people per square mile in 2022, Shumway appears to be a rural community. Its demographic stability is consistent with many rural areas.
The significant income growth, particularly during 2020-2022, suggests strong local economic factors. Shumway has maintained its status as a "Low Diversity" community over the past decade while experiencing substantial economic growth and recent population increases. This combination of demographic stability and economic dynamism presents a case study in rural community development and the relationship between racial composition and economic factors in small American towns.