The population remained relatively stable, with a slight increase from 5,692 in 2013 to 5,739 in 2022. This stability suggests that demographic changes are likely due to shifts within the existing population or a balanced in-and-out migration, rather than a significant influx of new residents.

The trends observed in Southold align with broader patterns seen in many suburban and rural areas across the United States. These include gradual diversification of predominantly white communities, growth in Hispanic populations in areas that were previously less diverse, and economic fluctuations that may reflect both local factors and wider economic trends.

The slow pace of diversification in Southold suggests that while change is occurring, it is happening more gradually than in some urban or rapidly growing suburban areas. This could be due to factors such as its relatively small size (9.99 square miles) and possibly limited housing development or job market expansion.

Southold remains a Low Diversity area with a White Majority, but it shows signs of gradual transition. The growing Hispanic population and slight increases in other minority groups indicate a slow but steady shift towards greater diversity. These demographic changes, coupled with fluctuations in median income, suggest a community in the early stages of transition, both demographically and economically.