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Demographic Analysis of Zip Code 62707: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 62707 in Springfield, Illinois, is characterized by low diversity with a white majority as of 2022. The area has a population of 10,185 and a median income of $76,689, indicating a relatively affluent suburban community.
Over the past decade, this zip code has maintained its status as a white majority area, with a gradual trend towards increased diversity. The white population decreased from 91% in 2013 to 83% in 2022. Notable changes include an increase in the Black population from 4% to 8%, growth in the Hispanic population from 1% to 2%, and an increase in individuals identifying as two or more races from 1% to 5%.
The median income in this zip code has shown overall growth, increasing from $71,634 in 2013 to $76,689 in 2022, representing a 7% increase over the decade. This growth has not been linear, with a peak in 2021 at $81,889, followed by a decrease in 2022. The years 2017-2019 saw a slight dip in median income before rebounding strongly in 2020 and 2021.
The gradual increase in diversity has coincided with overall economic growth in the area. This could suggest that the area's economic opportunities are attracting a more diverse population, or that increased diversity is contributing to economic vitality. Population trends show a gradual decrease from 11,429 in 2010 to 10,185 in 2022, a decline of about 11%. This population decrease, coupled with income growth, might indicate a shift towards smaller, more affluent households.
The gradual increase in diversity aligns with broader national trends of increasing racial diversity in suburban areas. The median income in this zip code ($76,689 in 2022) is likely above the national median, suggesting a relatively affluent area. The population decline contrasts with the growth seen in many suburban areas nationally, which might indicate unique local factors affecting population dynamics.
In conclusion, while zip code 62707 remains a predominantly white, low-diversity area, it shows signs of a gradual transition towards greater diversity. This demographic shift is occurring alongside overall economic growth, suggesting a complex interplay between racial composition and economic factors. The area's affluence and gradual diversification may present both opportunities and challenges for community cohesion and development in the coming years.
