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Demographic Analysis of Zip Code 62638: Predominantly White Population with Minimal Racial Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 62638 in Franklin, Illinois, exhibits low diversity as of 2022. The community is 98% white with minimal representation from other racial groups. The median income for 2022 was $72,970. The community has a population of 874 people and has experienced subtle demographic shifts over the past decade.
Throughout the period from 2013 to 2022, Franklin has consistently been categorized as having low diversity, with the white population comprising over 98% of the total. In 2022, a Hispanic population (1%) was recorded for the first time in the available data. Additionally, 1% of the population identified as two or more races in 2022, another first for the community in this dataset. These changes, while minimal, represent a potential shift from absolute homogeneity to slightly increased diversity.
The median income in Franklin has fluctuated over the years. From 2013 to 2015, there was an increase from $62,206 to $68,962. A decrease occurred in 2016 ($62,467), followed by a steady increase to $73,498 in 2018. From 2018 to 2022, the median income has remained relatively stable, around $72,000-$74,000. These economic trends do not appear to strongly correlate with the minimal demographic shifts observed.
Population trends show a peak in 2015 (1,014 residents) followed by a gradual decline to 874 in 2022. This could suggest some outmigration, potentially due to various factors such as job opportunities or housing costs.
Franklin appears to be maintaining its homogeneous demographic makeup, despite national trends showing increasing diversity in many communities across the United States. The subtle changes observed in 2022 might indicate the very beginning of a diversification trend, but it is too early to draw concrete conclusions.
The median income in Franklin ($72,970 in 2022) is above the national median household income (about $70,784 in 2021), suggesting a relatively affluent community. This economic stability might be a factor in the slow pace of demographic change, as established communities with higher incomes often experience slower demographic shifts.
Franklin remains a predominantly white, low-diversity community. The subtle demographic changes observed in 2022 may be worth monitoring in the coming years to see if they represent the start of a broader trend towards increased diversity. The community's economic stability, as evidenced by consistently above-average median incomes, appears to be a defining characteristic that has remained largely unchanged despite minor demographic shifts.
