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Demographics
Population
Median Income
Racial Distributions
Oswego, Illinois, exhibits demographic changes from 2013 to 2022. The community transitioned from a "Low Diversity" to a "White Majority" area with increasing diversity. In 2013, the white population was 75%, decreasing to 65% by 2022. The Hispanic population increased from 10% to 16%, and the Black population doubled from 5% to 10%. The Asian population grew slightly from 3% to 4%, while individuals identifying as two or more races increased from 1% to 5%.
These demographic shifts suggest Oswego is evolving into a "Transitional Community." The median income fluctuated but generally increased from $108,421 in 2013 to $106,330 in 2022, with a peak of $118,360 in 2021. The population grew from 36,846 in 2013 to 40,615 in 2022, indicating the area's continued desirability.
The trends in Oswego align with patterns observed in many U.S. suburban areas, where increased diversity is occurring as minority populations seek opportunities outside urban centers and younger, more diverse generations enter the housing market.
Based on observed trends, Oswego will likely continue its trajectory towards greater diversity. The community may transition from a "White Majority" to a "Moderate Diversity" category within the next 5-10 years if current trends persist. The Hispanic population may continue to grow, potentially becoming the largest minority group.
Economically, despite a recent decrease in median income, Oswego will likely maintain its status as an affluent community. As diversity increases, there may be shifts in economic patterns, potentially leading to a wider range of income levels within the community.
Oswego exemplifies a "Transitional Community" moving from low diversity towards moderate diversity, while maintaining a strong economic base. This evolution presents opportunities and challenges as the community adapts to its changing demographic landscape.