The population fluctuated over the years, peaking at 986 in 2017 and declining to 749 in 2022. This population decrease, coupled with income growth, might indicate changing economic dynamics in the borough.

The trends in Laceyville reflect some broader national patterns. Many small towns in the U.S. have experienced population declines in recent years. The slight increase in diversity aligns with national trends of increasing diversity across the country. The economic growth seen in Laceyville, despite population decline, could be part of a wider trend of economic recovery and growth in the years following the 2008 recession.

Based on observed trends, Laceyville will likely continue to experience slow but steady diversification over the coming years. It may remain in the Low Diversity category for the foreseeable future, but we might see a continued decrease in the White population percentage and increases in Hispanic and multiracial populations.

Economically, if the trend continues, we might see further increases in median income, potentially offsetting the effects of population decline. However, the fluctuations in recent years suggest that economic growth may not be linear and could be subject to local and national economic factors.

Laceyville might eventually move towards Moderate Diversity if current trends accelerate. This would require significant growth in non-White populations, particularly Hispanic and multiracial groups. However, such a transition would likely take many years given the current demographic composition and the slow pace of change observed so far.