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Demographic Analysis of Franklin, Nebraska: Racial Composition and Population Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Franklin, Nebraska, is classified as a Low Diversity community. As of 2022, the white population comprises 92% of the city's residents, exceeding the 75% threshold for this classification. The city has a population of 740 and a median income of $47,728.
Over the past decade, Franklin has maintained its Low Diversity status. The white population decreased from 98% in 2015 to 92% in 2022. The Hispanic population grew from 1% in 2015 to 4% in 2022. The two or more races category increased from 1% to 2% over the same period. These changes indicate a gradual shift towards a more diverse community, while remaining within the Low Diversity category.
The median income in Franklin has shown an upward trend over the past decade. In 2013, the median income was $42,239. By 2021, it peaked at $50,474. In 2022, there was a slight decrease to $47,728. This overall increase in median income correlates with the subtle demographic shifts.
Population figures have declined from 922 in 2010 to 740 in 2022, indicating a shrinking community. This decline could be influencing the slow pace of demographic change.
The trends in Franklin align with broader national patterns of increasing diversity in rural areas, albeit at a much slower pace. Many small towns across the United States are experiencing similar gradual shifts towards increased diversity.
Based on observed trends, Franklin is likely to continue its slow transition towards increased diversity over the coming years. It is expected to remain within the Low Diversity category for the foreseeable future. If current trends continue or accelerate slightly, Franklin could eventually transition into a Transitional Community category.
Economically, if the median income continues its general upward trend, this could further attract a more diverse population seeking economic opportunities. However, the declining population trend is a concern that could limit this growth and diversification if not addressed.
Franklin remains a Low Diversity community, but subtle shifts in its demographic makeup and economic indicators suggest a potential for gradual change. Monitoring these trends will be crucial for understanding the evolving nature of this small Nebraska city and its place in the broader context of demographic change in rural America.
