Frisco, Texas, is currently categorized as a "Moderate Diversity" city with a significant Asian population and a white plurality. As of 2022, the city's population stands at 219,571, with a median household income of $145,914, indicating a relatively affluent community. The racial composition shows no single group exceeding 50%, but white residents make up the largest share at 45%, followed by Asian residents at 27%.

Over the past decade, Frisco has undergone a significant transformation in its racial composition. In 2014, the city could be categorized as having a "White Majority" with 63% of the population. However, by 2022, it had transitioned to a "Moderate Diversity" status, bordering on "High Diversity." The most notable shifts include a decline in the white population share from 63% in 2014 to 45% in 2022, a substantial increase in the Asian population from 15% in 2014 to 27% in 2022, a slight increase in the Hispanic population from 11% in 2014 to 14% in 2022, and a modest growth in the Black population from 7% in 2014 to 9% in 2022. These changes indicate that Frisco is rapidly becoming a "Transitional Community," moving towards "High Diversity" status.

Alongside demographic shifts, Frisco has experienced significant economic growth. The median household income has risen from $115,603 in 2014 to $145,914 in 2022, an increase of about 26%. This growth in income has coincided with the influx of diverse populations, particularly the Asian community, which often includes high-skilled professionals in tech and other lucrative sectors. The population has also grown substantially, from 145,038 in 2014 to 219,571 in 2022, a 51% increase. This rapid growth suggests that Frisco has been attracting new residents from various backgrounds, likely due to job opportunities and quality of life factors.