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Demographics
Population
Median Income
Racial Distributions
Buffalo Grove, Illinois, exhibits a demographic profile classified as a "Transitional Community" with "Moderate Diversity" as of 2022. The city has a population of 44,904 and a median income of $120,585, indicating an affluent suburban area. The racial composition shows a White majority (64%) with a significant Asian population (22%), and growing Hispanic (8%) and Black (3%) communities.
Buffalo Grove has transitioned from a "Low Diversity" community to one with "Moderate Diversity" over the past decade. In 2013, the city had "Low Diversity" with a dominant White population of 76%. By 2022, this percentage decreased to 64%, while the Asian population increased from 14% to 22%, and the Hispanic population grew from 6% to 8%. This shift indicates a trend towards increasing diversity, fulfilling the criteria for a "Transitional Community."
As the community has become more diverse, there has been a corresponding increase in median income. From 2013 to 2022, the median income rose from $105,132 to $120,585, an increase of about 14.7%. This suggests that the influx of diverse populations, particularly the growing Asian community, may be associated with high-skilled, well-compensated professions. The population has remained relatively stable over this period, with minor fluctuations, indicating that the demographic changes are likely due to gradual resident turnover rather than rapid expansion or contraction of the community.
The trends observed in Buffalo Grove align with broader patterns seen in many suburban areas near major metropolitan centers. The increase in diversity, particularly with growing Asian and Hispanic populations, is consistent with national trends of increasing suburban diversity. The rising median income also aligns with the trend of economic growth in affluent suburbs, often driven by highly educated professionals from diverse backgrounds.
Based on the observed trends, it is likely that Buffalo Grove will continue its trajectory towards increased diversity. If current trends persist, it can be predicted that within the next 5-10 years, the community might transition from "Moderate Diversity" to "High Diversity." The White population may decrease below 60%, while the Asian population could approach or exceed 25%. The Hispanic and Black populations are also likely to continue growing, albeit at a slower rate.
Economically, the median income is likely to continue rising, potentially reaching or exceeding $130,000 within the next five years. This economic growth, coupled with increasing diversity, may lead to Buffalo Grove becoming a model of a prosperous, multicultural suburban community.
These changes may bring both opportunities and challenges. The community may need to adapt its services, cultural offerings, and civic engagement strategies to cater to an increasingly diverse population while maintaining its economic prosperity and community cohesion.