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Demographics
Population
Median Income
Racial Distributions
The zip code 47866 in Farmersburg, Indiana, is classified as a "Low Diversity" community as of 2022. The white population comprises 95% of the total, meeting the criteria for a racial group dominating with over 75% of the population. The current median income is $57,301, with a population of 874 people.
Farmersburg has maintained its "Low Diversity" status over the past decade. The white population has consistently remained above 85% throughout this period, with only minor fluctuations. There are subtle indications of increasing diversity. The Hispanic population showed a gradual increase from 4% in 2015 to 11% in 2019, suggesting a potential "Transitional Community" status. However, this trend reversed in 2020, dropping to 1% and remaining low through 2022. A small but consistent black population (2%) appeared in the data from 2020 onwards. In 2022, data for individuals identifying as two or more races (1%) became available. Despite these minor changes, the community has not transitioned out of the "Low Diversity" category during this period.
The median income in Farmersburg has shown significant fluctuations over the past decade. From 2013 to 2019, the median income remained relatively stable, ranging from about $50,000 to $62,000. In 2020-2021, there was a dramatic increase in median income, peaking at $85,253 in 2020 and $83,608 in 2021. In 2022, the median income dropped sharply to $57,301, returning to levels similar to those seen in the mid-2010s. These economic shifts do not appear to directly correlate with the minor demographic changes observed. The sudden increase in median income in 2020-2021 coincides with the COVID-19 pandemic, which may have had unique economic impacts on this small town.
Population trends have been relatively stable, fluctuating between about 700 and 900 residents throughout the decade, with no clear correlation to income or demographic shifts.
Farmersburg appears to be maintaining its predominantly white demographic composition, while national trends have shown increasing diversity in many areas. This stability in racial makeup is not uncommon in small, rural Midwestern towns, which often experience slower demographic changes compared to urban areas.
The economic volatility, particularly the sharp increase and subsequent decrease in median income from 2020 to 2022, is notable. This pattern may be related to broader economic impacts of the COVID-19 pandemic, which affected different communities in varying ways. Small towns sometimes experience more pronounced economic swings due to their reliance on a limited number of employers or industries.
While Farmersburg shows some minor indications of increasing diversity, it remains a "Low Diversity" community with a stable white majority. The economic fluctuations, particularly in recent years, appear to be more significant than the demographic shifts, potentially reflecting broader national economic trends rather than local demographic changes.