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Demographics
Population
Median Income
Racial Distributions
The zip code 02093 in Franklin Town, Massachusetts, is classified as having Low Diversity as of 2022. The population is predominantly white, with 92% of residents identifying as such. This categorization aligns with the definition of Low Diversity, where one racial group comprises over 75% of the population with minimal representation from other groups.
Over the past decade, Franklin Town has maintained its Low Diversity status. However, subtle signs of increasing diversity are evident. The white population has decreased from 98% in 2013 to 92% in 2022. Concurrently, there has been a small increase in the Black and Asian populations, each rising from 0% to 2% over this period. The Hispanic population has remained relatively stable, fluctuating between 1-3% throughout the decade. The "Two or More Races" category has grown from 1% in 2013 to 3% in 2022.
The economic landscape of Franklin Town has experienced significant positive changes over the past decade. Median income has increased from $104,723 in 2013 to $134,077 in 2022, representing a 28% increase. The population has grown steadily, from 11,090 in 2013 to 12,192 in 2022, an increase of about 10%.
The median household income in Franklin Town ($134,077 in 2022) is significantly higher than the national median (which was around $70,784 in 2021), indicating that this is a relatively affluent area. The population growth rate of 10% over a decade is moderate and generally in line with healthy suburban growth rates. The racial composition of Franklin Town, with its 92% white population, is less diverse than the national average. For comparison, the United States as a whole was about 60% white (non-Hispanic) in 2020.
Franklin Town remains a Low Diversity community with a predominantly white population. However, there are early signs of increasing diversity. This, coupled with strong economic growth and rising incomes, suggests a community that may be on the cusp of demographic changes. If current trends continue, this area might transition towards Moderate Diversity in the coming years, potentially attracting a more diverse population drawn by economic opportunities and community growth.