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Demographics
Population
Median Income
Racial Distributions
Crestwood in Illinois presents a demographic profile categorized as a "White Majority" community as of 2022, with 68% of the population identifying as white. The city is showing signs of increasing diversity, with significant minority populations emerging. The median income of $58,644 in 2022 suggests a middle-class economic status, though this figure has fluctuated over the past decade.
Crestwood has been transitioning from a "Low Diversity" community towards a more diverse demographic composition. In 2013, the white population constituted 76% of the total, indicating "Low Diversity." By 2022, this percentage had decreased to 68%, still maintaining a "White Majority" but showing clear signs of diversification.
The most notable changes include an increase in the Hispanic population from 9% in 2013 to 13% in 2022, growth in the Asian population from 0% to 3%, a slight increase in the Black population from 14% to 14%, and the emergence of a multi-racial category, reaching 2% by 2022. These shifts suggest that Crestwood is evolving into a "Transitional Community," with increasing representation from various racial groups.
The median income in Crestwood has shown some volatility over the past decade. From 2013 to 2022, it fluctuated between a low of $55,570 in 2016 to a high of $65,973 in 2021. The 2022 figure of $58,644 represents a decline from the previous year but is still higher than the 2013 level of $60,576.
The trends observed in Crestwood align with broader national patterns of increasing diversity in suburban areas. Many similar-sized communities across the United States have experienced comparable demographic shifts, often driven by factors such as changing immigration patterns, economic opportunities, and evolving social dynamics.
Based on the observed trends, it is likely that Crestwood will continue its trajectory towards greater diversity. If current patterns persist, within the next 5-10 years, the community might transition from a "White Majority" to a "Moderate Diversity" category. This would be characterized by a continued decrease in the white population percentage, potentially dropping below 60%, while Hispanic, Black, and Asian populations continue to grow.
Economically, if the correlation between increasing diversity and economic growth holds, a gradual increase in median income might be expected. However, given the volatility observed in recent years, this growth may not be linear and could be subject to external economic factors.
Crestwood is undergoing a significant demographic transformation, evolving from a predominantly white community to one with increasing racial diversity. This shift, coupled with fluctuating but generally stable economic indicators, suggests a community in transition, likely to become more diverse and potentially more economically dynamic in the coming years.