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Demographic Analysis of Faxon, Pennsylvania: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Faxon, Pennsylvania, is classified as a "Low Diversity" community. As of 2022, the white population comprises 85% of the total 1,101 residents. The median income is $64,792. These figures indicate a compact urban area with a predominantly white demographic and upper-middle-class economic status.
Over the past decade, Faxon has maintained its "Low Diversity" status, but gradual changes have occurred. In 2013, 98% of the population was white. Since then, minority representation has increased slowly. The Black population rose from 0% in 2013 to 11% in 2022. The Hispanic population fluctuated, reaching 15% in 2018, but decreasing to 4% in 2022. These changes suggest a trend towards increased diversity, though not sufficient to alter the community's diversity classification.
The median income in Faxon has fluctuated over the years. It increased from $65,017 in 2013 to $75,580 in 2021, then dropped to $64,792 in 2022. This recent decline coincides with a slight increase in diversity, potentially indicating economic challenges associated with demographic changes or broader economic factors. The population has decreased from 1,336 in 2013 to 1,101 in 2022, suggesting possible out-migration or other factors affecting community size.
The gradual increase in diversity in Faxon aligns with national trends of increasing racial and ethnic diversity in many American communities. However, the pace of change in Faxon appears slower than in many urban areas across the country.
Based on observed trends, Faxon is likely to continue its slow transition towards greater diversity. If current trends persist, the community might move towards a "Moderate Diversity" classification in the next 5-10 years. This would occur if the white population drops below 75% and other racial groups, particularly Black and Hispanic, continue to increase their representation.
Economically, the recent drop in median income warrants monitoring. If this trend continues, it could signal broader economic challenges for the community, potentially influencing future demographic shifts.
Faxon remains a "Low Diversity" community but shows signs of gradual change. The coming years may see it evolve into a more diverse area, potentially bringing both opportunities and challenges as it adapts to a changing demographic and economic landscape.
