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Demographics
Population
Median Income
Racial Distributions
Braceville, Illinois, is classified as a "Low Diversity" community. As of 2022, the white population comprises 84% of the total, which is above the 75% threshold for this classification. The village has a population of 1,725 and a median income of $73,663.
Over the past decade, Braceville has remained in the "Low Diversity" category. There are indications of a gradual shift towards becoming a "Transitional Community." The percentage of white residents decreased from 93% in 2017 to 84% in 2022, while the Hispanic population increased from 6% to 14% during the same period.
The median income in Braceville has shown an upward trend, increasing from $60,484 in 2013 to $73,663 in 2022, a rise of about 22%. This economic growth has coincided with the gradual increase in diversity, particularly the growth of the Hispanic population. The population has fluctuated over the years, with a slight overall decrease from 1,950 in 2013 to 1,725 in 2022.
The trends observed in Braceville align with patterns seen in many small American communities. The gradual increase in diversity, particularly through growth in the Hispanic population, is a common trend across the United States. The economic growth experienced by the village is consistent with the general economic recovery and growth seen in many parts of the country following the 2008 recession.
Based on the observed trends, Braceville is likely to continue its transition towards greater diversity over the coming years. If the current rate of change persists, the community could shift from "Low Diversity" to "Moderate Diversity" within the next 5-10 years. The Hispanic population is likely to continue growing, possibly reaching or exceeding 20% of the total population.
Economically, if the trend continues, the median income could surpass $80,000 within the next few years. Economic growth may slow or stabilize as the community becomes more diverse, as integration of new populations can sometimes present short-term economic challenges.
The community appears to be in the early stages of a demographic transition, which could bring both opportunities and challenges. As it moves towards becoming a more diverse community, Braceville may need to adapt its services, education system, and local governance to accommodate a changing population while maintaining its economic growth trajectory.