Cannon Park, a neighborhood in Milwaukee, Wisconsin, currently exhibits characteristics of a White Majority community with Moderate Diversity. As of 2022, the white population comprises 70% of the area, with significant representation from other racial groups. The neighborhood has experienced notable demographic shifts over the past decade, coupled with fluctuations in median income. Cannon Park is known for its proximity to the University of Wisconsin-Milwaukee campus, which likely influences its demographic makeup and economic trends.

In 2013, Cannon Park was categorized as a White Majority community with Low Diversity, with the white population comprising 78% of residents. Over the decade, the neighborhood has transitioned towards increased diversity. The white population steadily declined from 78% in 2013 to 70% in 2022. There was an increase in minority populations, with notable growth in Asian (4% to 7%), Black (6% to 7%), and multiracial (2% to 8%) populations. The consistent increase in the "two or more races" category indicates a trend towards greater diversity. This shift suggests a gradual transition from Low Diversity to Moderate Diversity, though the area maintains its White Majority status.

The median income in Cannon Park has shown considerable volatility. From 2013 to 2018, median income remained relatively stable, ranging from $52,000 to $58,000. A significant drop to $49,266 occurred in 2019. This was followed by a swift increase to $60,791 in 2020 and $69,130 in 2021. A slight decrease to $60,679 was observed in 2022. These economic fluctuations coincide with the neighborhood's demographic changes. The initial stability might have attracted diverse populations, while the recent income growth could be linked to the increasing diversity, possibly due to highly skilled immigrants or young professionals moving into the area.