The median income in zip code 11416 has shown an upward trend, increasing from $62,793 in 2013 to $71,239 in 2022, representing a 13.5% increase over the decade. This growth in median income correlates with the area's stable diversity.

The population has grown from 26,956 in 2013 to 29,000 in 2022, an increase of 7.6%. This population growth, combined with the rising median income, suggests that the area is becoming increasingly attractive to residents.

The demographic composition of this Queens zip code reflects broader trends in urban areas across the United States, where increasing diversity and growth of Hispanic and Asian populations are common. The steady increase in median income aligns with national trends of economic recovery and growth following the 2008 recession.

The consistent Majority-Minority status of this area, with a strong Hispanic plurality, is characteristic of many urban neighborhoods in large, diverse cities. The slight decline in the White population percentage is consistent with demographic shifts seen in many urban areas across the country.

The increase in the population identifying as two or more races aligns with national trends, reflecting growing racial diversity and interracial relationships in the United States. This trend is particularly pronounced in urban areas and among younger generations.

Zip code 11416 in Queens exemplifies the dynamic nature of urban demographics in the United States. Its consistent High Diversity and Majority-Minority status, coupled with steady economic growth, indicate a vibrant, multicultural community adapting to demographic changes. The area's evolution over the past decade reflects broader national trends towards increased diversity and suggests a community that is both economically and culturally diverse.