The population has declined from 1,601 in 2010 to 1,246 in 2022, a decrease of about 22% over 12 years. This could indicate broader economic challenges or changing community dynamics.

Smithton has maintained its predominantly white demographic while national trends have shown increasing diversity in many areas. The recent downward trend in median income may align with challenges faced by small towns in the rust belt region.

Based on observed trends, Smithton is likely to remain a Low Diversity community in the near future. The introduction of a small Hispanic population and increase in multi-racial residents could potentially signal the early stages of a transition towards slightly more diversity. However, any significant shift would likely take many years or decades.

Economically, the downward trend in median income and declining population suggest potential challenges. If these trends continue, it could lead to further population loss and economic stagnation. However, the community's history of economic volatility leaves room for potential recovery.

While Smithton is likely to remain in the Low Diversity category for the foreseeable future, it may be in the very early stages of a long-term transition towards Moderate Diversity. This transition, if it occurs, would likely be gradual and take place over many years or decades, barring any significant external factors that could accelerate demographic change.