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Demographics
Population
Median Income
Racial Distributions
The zip code 62571 in Tower Hill, Illinois, is classified as a "Low Diversity" community as of 2022. The population is 97% white, a characteristic that has remained stable over the past decade. This indicates minimal racial diversification in the community.
The demographic composition of Tower Hill has shown little change from 2013 to 2022. The white population has consistently comprised over 95% of the total, with minor fluctuations. A slight increase in racial diversity is observed, with residents identifying as two or more races increasing from 0% in 2013 to 2% in 2022. This change is not significant enough to alter the community's overall diversity classification.
The median income in Tower Hill has increased from $51,102 in 2013 to $60,974 in 2022, representing a growth of approximately 19.3% over nine years. A notable increase to $71,463 occurred in 2021, followed by a decrease in 2022. This income growth has coincided with a population decline from 1,747 in 2013 to 1,470 in 2022, a decrease of about 15.9%.
The inverse relationship between population decline and income growth suggests that the community may be retaining or attracting higher-income residents. This could indicate changing economic conditions in the area, such as shifts in local industries or employment opportunities.
The demographic stability of Tower Hill contrasts with national trends towards increasing diversity in many areas of the United States. The community's persistent "Low Diversity" classification suggests it may be less affected by broader demographic shifts seen in more urban or rapidly growing areas.
The income growth in Tower Hill appears to be relatively modest. The population decline in Tower Hill is a trend seen in many rural American communities, often attributed to factors such as urbanization, changes in agricultural practices, or lack of economic opportunities for younger residents.
Tower Hill presents a picture of demographic stability with gradual economic improvement, set against a backdrop of population decline. These trends suggest a community that is maintaining its traditional racial composition while experiencing modest economic growth, possibly at the cost of overall population numbers. The challenge for Tower Hill may be in balancing economic growth with population retention and potentially increasing diversity to align more closely with national demographic trends.