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Demographics
Population
Median Income
Racial Distributions
Streamwood, Illinois, has undergone a significant demographic shift from 2013 to 2022. The community transitioned from a White majority to a Majority-Minority area with moderate diversity. As of 2022, the Hispanic population comprises 34%, followed by Asian (14%) and White (42%) populations. The median income in 2022 was $87,932.
The demographic transformation of Streamwood occurred gradually over the past decade. In 2013, the White population constituted 52% of the total. By 2017, this shifted to a White plurality as the White population dropped below 50%. The Hispanic population increased from 28% in 2013 to 34% in 2022, while the Two or More Races category rose from 1% to 3% during the same period.
The demographic changes coincided with positive economic trends. The median income increased from $81,532 in 2013 to $87,932 in 2022, representing a 7.8% increase over nine years. The population remained relatively stable, decreasing slightly from 46,147 in 2013 to 45,554 in 2022.
The trends observed in Streamwood align with broader national patterns of increasing diversity in suburban areas. Many American suburbs have been transitioning from predominantly White communities to more diverse areas, particularly with growth in Hispanic and Asian populations. The economic stability of Streamwood during this transition suggests a relatively smooth integration of diverse populations without significant economic disruption.
Based on the observed trends, Streamwood is likely to continue its trajectory towards increased diversity. The Hispanic population may continue to grow, potentially approaching or exceeding 40% in the coming years. If current trends persist, the community may transition into the High Diversity category within the next 5-10 years, especially if the Asian and Black populations continue to increase their representation.
Economically, the steady income growth suggests a stable outlook. As the community becomes more diverse, there may be new economic opportunities and challenges. For instance, a diversification of local businesses to cater to the changing demographic makeup might occur.
Streamwood exemplifies a suburban community in transition, moving from a historically White-majority area to a diverse, majority-minority community. This shift, occurring alongside economic stability, positions Streamwood as a potential model for demographic integration in suburban America.