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Demographics
Population
Median Income
Racial Distributions
Basco, Illinois, is classified as a "Low Diversity" community. As of 2022, the village has a population of 334 with a white population of 98%, and a median income of $68,571. The community has experienced minor demographic and economic changes over the past decade.
From 2013 to 2022, Basco has consistently remained in the "Low Diversity" category. The white population has been dominant, never falling below 98% of the total population. Minimal changes occurred in other racial categories, with a slight increase in the Hispanic population from 0% to 1% from 2019 onwards. The overall population fluctuated, decreasing from 394 in 2010 to 203 in 2013, before gradually increasing to 334 by 2022.
The median income in Basco increased significantly from $42,500 in 2013 to $68,571 in 2022, representing a 61% growth. This economic improvement occurred without major shifts in racial composition, indicating that the existing population benefited from the economic growth rather than attracting a more diverse influx of residents.
Basco's maintenance of a homogeneous racial composition contrasts with national trends of increasing diversity, particularly in urban and suburban areas. However, the significant increase in median income aligns with national trends of economic recovery and growth following the 2008 recession.
Based on observed trends, Basco is likely to remain categorized as a "Low Diversity" community in the near future. The racial composition has shown stability over the past decade, with only minor changes. If the trend of increasing Hispanic population continues, a very gradual shift towards slightly more diversity might occur.
Economically, if the increasing median income trend persists, Basco may become an increasingly affluent rural community. This could potentially attract new residents, which might slowly increase diversity over time. However, given current trends, any such change would likely be very gradual.
In conclusion, Basco has experienced significant economic growth over the past decade, while its demographic composition has remained largely unchanged. The community presents a case study of economic improvement without corresponding increases in racial diversity, contrasting with patterns observed in many other parts of the country.