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Demographics
Population
Median Income
Racial Distributions
The 60656 zip code in Chicago, Illinois, is classified as a "White Majority" community as of 2022, with 68% of the population identifying as white. The area shows signs of increasing diversity and could be considered a "Transitional Community" due to changes in its racial composition over the past decade. The median income of $73,647 in 2022 suggests a relatively affluent neighborhood.
Over the past decade, this zip code has transitioned from a "Low Diversity" area to one approaching "Moderate Diversity." In 2013, the white population constituted 76% of the total. By 2022, this percentage had decreased to 68%, while other racial groups increased in representation. The Asian population grew from 4% in 2013 to 8% in 2022, the Hispanic population increased from 12% to 17%, the Black population rose from nearly 0% to 4%, and the two or more races category grew from 1% to 3%.
These shifts indicate a trend towards greater diversity, though the area still maintains a white majority. The consistent growth in minority populations suggests a "Transitional Community" status, with the potential to reach "Moderate Diversity" in the coming years if current trends continue.
The median income in this zip code has shown fluctuation over the past decade. From 2013 to 2021, there was a general upward trend, with the median income rising from $65,552 to a peak of $84,760 in 2021. However, 2022 saw a decrease to $73,647. This economic fluctuation appears to correlate with the demographic shifts. The period of increasing diversity (2013-2021) coincided with rising median incomes. The decrease in 2022 could be attributed to various factors, including the broader economic impacts of the COVID-19 pandemic.
The population has seen modest growth, from 24,062 in 2013 to 25,092 in 2022, indicating a stable neighborhood despite the demographic changes. The demographic shifts observed in this Chicago zip code align with broader national trends of increasing diversity in urban areas. Many U.S. cities have experienced similar transitions, with traditionally white-majority neighborhoods becoming more diverse due to factors such as immigration, changing housing preferences, and economic opportunities.
The economic fluctuations, particularly the rise and subsequent fall in median income, may reflect both local and national economic conditions. The peak in 2021 could be associated with pandemic-related factors, while the 2022 decrease might reflect broader economic challenges. The 60656 zip code exemplifies a "Transitional Community" moving from "Low Diversity" towards "Moderate Diversity," with economic indicators that have generally improved alongside increasing diversity. This trend suggests a dynamic neighborhood adapting to changing demographics while maintaining its economic vitality, despite recent challenges.