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Demographics
Population
Median Income
Racial Distributions
The Franklin neighborhood in Provo, Utah, exhibits a demographic profile categorized as a "White Majority" community, with 56% of the population identifying as white in 2022. The neighborhood is approaching a "Moderate Diversity" status, given the significant Hispanic population (35%) and the presence of other racial groups. Economically, Franklin has experienced an increase in median income over the past decade, rising from $38,720 in 2013 to $56,875 in 2022, indicating economic growth and potential gentrification.
Over the past decade, Franklin has undergone a gradual shift from a more pronounced "White Majority" community towards increased diversity. In 2013, the neighborhood was firmly in the "White Majority" category with 59% of the population identifying as white. By 2022, while still maintaining a white majority, the percentage had decreased to 56%, bringing the community closer to a "Moderate Diversity" classification.
The most significant change has been the growth of the Hispanic population, increasing from 33% in 2013 to 35% in 2022. This trend suggests that Franklin is becoming a "Transitional Community," with a steady influx of Hispanic residents contributing to a more diverse demographic makeup. Other racial groups, while present, have maintained relatively small percentages. There has been an increase in the Pacific Islander population, growing from 0% in 2013 to 5% in 2022, further contributing to the neighborhood's increasing diversity.
The demographic shifts in Franklin have coincided with significant economic changes. The median income has shown an increase from $38,720 in 2013 to $56,875 in 2022, representing a growth of approximately 47% over nine years. This income growth suggests improving economic conditions for residents, which may be attracting a more diverse population to the area. While the median income has risen, the population has remained relatively stable, fluctuating between 3,600 and 4,300 residents over the decade. This could indicate that the neighborhood is experiencing economic uplift without significant population displacement, though it is possible that the composition of households is changing.
The trends observed in Franklin reflect broader patterns seen in many urban areas across the United States, where traditionally homogeneous neighborhoods are becoming more diverse. The growth of the Hispanic population aligns with national trends of increasing Hispanic representation in various communities. The economic growth in Franklin outpaces the national average. While the U.S. median household income grew by about 10% between 2013 and 2022 (adjusting for inflation), Franklin's 47% growth suggests a more rapid economic transformation. This could be indicative of broader economic development in the Provo area or specific investments in the Franklin neighborhood.
The stability of the population size, coupled with increasing diversity and rising incomes, suggests that Franklin may be experiencing a form of "inclusive gentrification," where economic improvements are benefiting a diverse range of residents rather than leading to widespread displacement. However, further analysis would be needed to confirm if this economic growth is equitably distributed across all racial groups in the neighborhood. Franklin represents a community in transition, moving from a clear "White Majority" towards "Moderate Diversity," with significant economic growth accompanying these demographic shifts. This evolution reflects broader national trends of increasing diversity in urban areas, while its strong economic performance sets it apart as a potentially model case of neighborhood development.