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Demographics
Population
Median Income
Racial Distributions
Olive Branch, Illinois is classified as a "Low Diversity" community with a "White Majority" as of 2022. The population consists of 77% white and 22% black residents. The median income is $52,499, and the total population is 922.
Over the past decade, Olive Branch has experienced a gradual shift in its racial composition while maintaining its "White Majority" status. In 2013, the community was less diverse, with 86% white and 10% black residents. The proportion of black residents has increased from 10% in 2013 to 22% in 2022, indicating a slow but steady movement towards greater diversity.
The median income in Olive Branch has shown a positive trend, increasing from $39,346 in 2013 to $52,499 in 2022, representing a growth of about 33% over the decade. This economic improvement coincides with the gradual increase in racial diversity. The population has decreased from 1,343 in 2013 to 922 in 2022, a decline of about 31%.
The trend towards increasing diversity in Olive Branch aligns with broader national trends of increasing racial diversity across the United States.
Based on observed trends, Olive Branch will likely continue to slowly increase in diversity over the coming years. If the current rate of change persists, the community could transition from "Low Diversity" to "Moderate Diversity" within the next decade. The black population could potentially reach or exceed 25%, while the white population might drop below 75%.
Economically, if the positive trend in median income continues, the community could see further economic growth. However, the declining population trend is a concern that could impact future economic prospects if it continues.
Olive Branch is a community in transition, slowly moving from a highly homogeneous "Low Diversity" area towards greater racial diversity. This demographic shift is occurring alongside economic growth but also population decline, presenting both opportunities and challenges for the community's future development.