The community has undergone substantial economic growth concurrent with these demographic shifts. The median income has increased from $64,231 in 2013 to $77,020 in 2022, a rise of approximately 20% over nine years. This income growth correlates with the gradual diversification of the population, suggesting that the influx of new residents, particularly from the Hispanic community, may be associated with economic opportunities in the area.

The population has grown significantly, from 1,423 in 2013 to 1,906 in 2022, an increase of about 34%. This population growth, combined with rising incomes, indicates a thriving local economy that is attracting new residents.

The trends observed in Sharon align with broader patterns seen in many rural American communities. The gradual increase in Hispanic population is consistent with national trends of Hispanic population growth and dispersion to new areas, including rural towns. The economic growth and population increase suggest that Sharon may be diverging from the trend of population decline seen in many rural areas, potentially due to its ability to attract new residents and maintain a strong local economy.

The preservation of a predominantly white population alongside gradual diversification is characteristic of many transitioning rural communities. The steady increase in median income over the decade, outpacing inflation, indicates that Sharon may be performing better economically than many similar-sized rural communities across the nation.

Sharon remains categorized as a Low Diversity community but shows signs of gradual transition. The increasing Hispanic population and rising median income suggest a community in the early stages of demographic and economic change. These trends, if continued, may lead to a more diverse and economically robust community in the coming years, potentially shifting its categorization to a Transitional Community or even Moderate Diversity in the future.