As of the 2010 census, Urbana had a population of 9,175 people, an increase from 622 residents in 2000. As of 2020, Urbana's population is about 11,800. Urbana has also gained a few more shops and restaurants. Also, a new elementary school is currently under construction, and new townhouses have been built near the Urbana High School. The Legal & General American division is headquartered in Urbana, and the US Social Security Administration data center and the Fannie Mae data center are both located in Urbana.

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