Chattanooga has experienced substantial economic growth. The median income rose from $39,475 in 2013 to $64,340 in 2022, a 63% increase. The growth was particularly steep in recent years, with a 27% increase from 2021 to 2022.

The economic uptrend correlates with increasing diversity in the city. As the median income has risen, the city has seen growth in its Asian and Hispanic populations, as well as those identifying as two or more races.

Based on observed trends, Chattanooga appears to be moving towards increased diversity and continued economic growth. Predictions suggest that the city may transition from a "White Majority" to a "Moderate Diversity" classification within the next 5-10 years. The "Two or More Races" category is likely to continue its rapid growth, potentially reaching 10% or more of the population in the coming years.

The Hispanic population may continue to grow, potentially becoming the third-largest racial group in the city. If economic growth continues at its current pace, Chattanooga could see further increases in median income, potentially attracting more diverse, skilled professionals to the area.

These demographic and economic changes may lead to Chattanooga being classified as a "Transitional Community" in the near future, characterized by significant changes in racial makeup and increasing diversity, coupled with economic growth.