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Demographics
Population
Median Income
Racial Distributions
Franklin, Tennessee, exhibits a demographic profile characterized by low diversity and a white majority as of 2022. The city's population of 86,904 is 77% white, with a median income of $108,354. Over the past decade, Franklin has experienced gradual demographic shifts, maintaining its white majority status while showing signs of increasing diversity.
From 2013 to 2022, the percentage of white residents in Franklin decreased from 82% to 77%. This change suggests a slow transition towards greater diversity. The Asian population demonstrated the most significant growth, increasing from 4% in 2013 to 8% in 2022. Black and Hispanic populations remained stable at approximately 6% each throughout the decade.
The city's economic trajectory has been positive, with median income rising from $82,300 in 2013 to $108,354 in 2022, representing a 31.7% increase. Population growth was also substantial, increasing by 26.2% from 68,872 in 2013 to 86,904 in 2022. These economic and population trends indicate a thriving local economy that may be attracting new residents from diverse backgrounds.
Franklin's demographic shifts appear to align with broader national trends of increasing diversity in suburban areas, though the pace of change seems slower than in many rapidly diversifying suburbs across the United States.
Based on observed trends, Franklin is likely to continue its gradual transition towards greater diversity in the coming years. While it may maintain its white majority status for the foreseeable future, the city could potentially move from low diversity to moderate diversity within the next decade if current trends persist.
The Asian population may continue to grow at a faster rate than other minority groups. If this trend continues, Franklin could eventually evolve into a community with a significant Asian minority alongside its white majority. Economically, the city appears poised for continued growth, with rising incomes potentially attracting more diverse, high-skilled professionals.
In conclusion, Franklin currently maintains a low diversity profile with a strong white majority. However, subtle demographic shifts and robust economic growth suggest a gradual evolution towards a more diverse community. This transition, though slow, reflects broader national trends and may accelerate in the coming years, potentially reshaping the cultural and economic landscape of the city.