The median income in Klamath has shown considerable volatility over the years. There have been significant fluctuations, ranging from a low of $42,590 in 2015 to a high of $85,705 in 2021. Despite the fluctuations, there has been a general upward trend in median income since 2019, potentially indicating improving economic conditions. The years with the highest median incomes (2020-2022) coincide with a decrease in population, suggesting a possible out-migration of lower-income residents or an influx of higher-income individuals.

The small population and large land area (297.8 square miles) suggest a rural setting, which often faces different demographic and economic challenges compared to urban areas. The significant fluctuations in median income are unusual and may reflect the area's reliance on specific industries or economic sectors that are subject to boom-and-bust cycles. Unlike many areas in California that have seen increasing diversity over the past decade, Klamath has maintained a relatively stable racial composition, with only minor shifts. The consistent presence of a Native American population is noteworthy and likely influences local culture and economics in ways that may be unique compared to other parts of California.

Klamath has maintained its status as a predominantly white, low-diversity community over the past decade, while experiencing significant economic fluctuations. The area's rural nature, combined with its proximity to Native American communities, likely plays a significant role in shaping its demographic and economic landscape. The recent trend of increasing median income coupled with declining population warrants further investigation into the changing nature of the local economy and community composition.