The median income in Freeville has demonstrated an upward trend over the past decade, increasing from $63,913 in 2013 to $71,949 in 2022, representing a 12.6% rise over nine years. A notable increase in median income occurred between 2019 and 2021, from $67,319 to $77,247, before slightly decreasing in 2022.

The population has remained relatively stable, fluctuating between approximately 6,400 and 7,000 residents over the decade. There does not appear to be a strong correlation between population changes and income trends, suggesting that economic improvements may be more related to broader economic factors rather than demographic shifts.

The demographic stability of Freeville contrasts with national trends towards increasing diversity. While many areas across the United States have experienced significant increases in racial and ethnic diversity over the past decade, this zip code has maintained its predominantly white composition.

The income growth in Freeville generally aligns with broader economic trends in the United States, which has seen steady income growth over the past decade. The sharp increase in median income between 2019 and 2021 is particularly notable and may reflect local economic factors or changes in the job market that have benefited this community specifically.

Freeville shows signs of very gradual diversification and has experienced positive economic growth, yet remains a predominantly white, economically stable community. The slow pace of demographic change suggests that any significant shifts in the racial composition or economic landscape of this area are likely to occur over a much longer timeframe, barring any major external factors or policy changes that could accelerate these trends.