The median income in the neighborhood has shown a general upward trend, rising from $38,798 in 2013 to $47,133 in 2022, representing a 21.5% increase over the decade. This growth suggests an improving economic situation for residents, although there have been some fluctuations, with a peak of $51,350 in 2021 before a slight decline in 2022.

The population of the neighborhood has not followed a consistent trend. It peaked at 57,952 in 2017 and has since declined to 47,187 in 2022. This population decrease, coupled with the overall increase in median income, might indicate a gentrification process or changes in housing affordability.

The demographic stability of Alameda - West Flagler contrasts with broader trends in many urban areas across the United States, where increasing diversity has been more common. The neighborhood's persistent Hispanic Majority reflects Miami's position as a major Hispanic cultural center in the U.S., particularly for Cuban-Americans.

The income growth in the neighborhood, while positive, may not have kept pace with overall income growth in the Miami metropolitan area or nationally. The median household income in the United States increased from $51,939 in 2013 to $70,784 in 2021, a 36.3% increase, suggesting that Alameda - West Flagler may still be lagging behind national averages.

The population decline in recent years, especially since 2017, could be indicative of broader urban trends such as suburbanization or the impact of rising housing costs in central city areas. It may also reflect changing immigration patterns or the relocation of some Hispanic residents to other areas as they achieve upward economic mobility.

Alameda - West Flagler presents a picture of demographic stability with gradual economic improvement, set against a backdrop of population decline. These trends suggest a community that is deeply rooted in its Hispanic heritage while navigating the economic challenges and opportunities of urban life in 21st century America.