The population has shown modest growth, increasing from 2,130 in 2013 to 2,181 in 2022, a growth of about 2.4%. This suggests a relatively stable community with slight economic improvements over time.

The racial homogeneity of Wolcott is consistent with demographics often observed in rural areas of Vermont, which is one of the whitest states in the US. The modest population growth aligns with trends seen in many rural communities, which often face challenges in attracting or retaining residents compared to urban areas. The increase in median income over the decade is a positive indicator, potentially suggesting economic resilience or growth in the face of broader economic challenges that have affected many rural communities nationwide.

Wolcott represents a stable, predominantly white community with gradual economic improvement over the past decade. While it has maintained its Low Diversity status, the small increases in minority populations, particularly Black residents, may indicate the beginning of a slow diversification process. The community's economic growth, as evidenced by rising median incomes, suggests a degree of prosperity that could potentially attract more diverse residents in the future, though any significant shift towards greater diversity would likely occur over a much longer timeframe given the current demographic makeup.