Park City has experienced economic growth over the past decade. Median income has risen from $18,867 in 2013 to $24,231 in 2022, representing a 28.4% increase. The most substantial growth occurred between 2020 and 2021, with median income increasing from $25,220 to $27,656. Despite this growth, Park City's median income remains below the national average, indicating ongoing economic challenges.

The population has fluctuated over the years, peaking at 6,444 in 2015 and declining to 5,564 in 2022. This population decrease, coupled with income growth, might suggest gentrification pressures or changing neighborhood dynamics.

The stability of the Black majority in Park City contrasts with many urban areas experiencing rapid gentrification and demographic shifts. The gradual increase in Hispanic population aligns with national trends of growing Hispanic communities in various urban areas. The economic growth, while significant for the neighborhood, still leaves Park City with a median income below national averages, highlighting persistent economic disparities often faced by predominantly Black communities.

Park City represents a stable Black Majority community showing signs of slow diversification and economic improvement. While maintaining its core demographic character, the neighborhood is experiencing gradual changes that may reshape its socio-economic landscape in the coming years. The challenge for Park City will be to leverage its economic growth to benefit long-term residents while managing potential pressures of gentrification and maintaining its cultural heritage.