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Demographic Evolution of Schaumburg, Illinois: Racial Composition and Economic Growth (2016-2021)
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Schaumburg, Illinois, exhibited demographic changes between 2016 and 2021. As of 2021, the community was classified as "White Majority" with moderate diversity. The white population comprised 53% of the total, with significant Asian (25%) and Hispanic (14%) populations. The median income in 2022 was $92,666.
The racial composition of Schaumburg changed slightly from 2016 to 2021. In 2016, the white population was 55%, decreasing to 53% by 2021. The Asian population decreased from 27% to 25%, while the Hispanic population increased from 12% to 14%. These changes indicate a gradual trend towards increased diversity.
Schaumburg experienced economic growth during this period. The median income increased from $76,122 in 2016 to $92,666 in 2022, a 21.7% increase over six years. The population grew from 73,803 in 2016 to 78,285 in 2022, a 6% increase. This growth in population and income suggests a thriving community attracting new residents while maintaining economic prosperity.
The trends observed in Schaumburg align with broader national trends of increasing diversity in suburban areas and growing income levels in economically prosperous communities. The increase in median income outpaces national averages, indicating strong economic performance compared to other areas in the country.
Based on observed trends, Schaumburg is likely to continue increasing in diversity. The community may transition from a "White Majority" to a "Moderate Diversity" classification within the next decade if current patterns persist. The Asian and Hispanic populations may reach or exceed 30% and 15% respectively.
Economically, the growth in median income is expected to continue, possibly at a more moderate pace. This economic prosperity, combined with increasing diversity, may position Schaumburg as an attractive destination for professionals and families seeking a diverse, economically vibrant community.
Schaumburg appears to be on a path of gradual diversification while maintaining strong economic growth. This combination suggests a dynamic, evolving community that is likely to continue attracting a diverse population while offering economic opportunities to its residents.
