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Demographic Analysis of Zip Code 62518: Predominantly White Community in Chestnut, Illinois
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 62518 in Chestnut, Illinois, represents a community categorized as having "Low Diversity". As of 2022, the area is characterized by a White Majority, with 92% of the population identifying as white. The community has a population of 240 residents and a median household income of $67,605 in 2022.
Over the past decade, Chestnut has maintained its status as a community with Low Diversity. The white population has remained the dominant racial group, consistently comprising over 90% of the total population throughout the observed period. The percentage of residents identifying as two or more races has increased from 1% in 2013 to 5% in 2022. The Hispanic population has grown from 0% in 2017 to 2% in 2022.
The median household income in Chestnut has fluctuated over the years. It peaked in 2016 at $83,936 but has since declined. The 2022 median income of $67,605 represents a decrease from the 2013 figure of $70,681. Population trends show a decline from 355 residents in 2010 to 240 in 2022, a decrease of about 32%.
The racial homogeneity of Chestnut is higher than the national average. As of 2022, the U.S. Census Bureau reported that the white alone, not Hispanic or Latino population was about 59% nationally, compared to 92% in Chestnut. The median household income in Chestnut ($67,605 in 2022) is slightly lower than the national median household income, which was approximately $69,021 in 2022. The population decline in Chestnut (-32% from 2010 to 2022) is contrary to the overall U.S. population growth trend, which has been positive over the same period.
Chestnut represents a small, predominantly white community experiencing gradual demographic changes and economic challenges. It remains a Low Diversity area, with subtle shifts towards increased diversity. The declining population and fluctuating income levels suggest that the community may be facing economic pressures. These changes may signal the early stages of a transition that could reshape the community's demographic and economic landscape in the coming years.
