The median income in the area has shown an upward trend, increasing from $52,217 in 2013 to $56,834 in 2022. This represents an overall growth of about 8.8% over nine years. There was a significant increase in median income between 2019 and 2020, rising from $55,493 to $59,405, before slightly decreasing in 2022.

The population has remained relatively stable, fluctuating between about 13,400 and 14,000 residents throughout the observed period. There is no clear correlation between population changes and economic trends, suggesting that income growth may be more related to broader economic factors rather than demographic shifts.

The demographic stability of this zip code contrasts with national trends, which have generally shown increasing diversity across the United States over the past decade. The persistent "Low Diversity" classification in Penn Yan suggests it may be a more traditional, established community that has experienced less demographic change compared to many other areas of the country.

The gradual increase in median income aligns with broader national trends of economic growth over the past decade, although the rate of increase may be lower than national averages. The slight decline in median income from 2021 to 2022 could reflect broader economic challenges such as inflation or pandemic-related economic disruptions.

Zip code 14527 in Penn Yan presents a picture of demographic stability with modest economic growth. It has maintained its status as a predominantly white, low-diversity area. Small increases in Hispanic population and fluctuations in median income suggest the potential for gradual changes in the community's socio-economic landscape. Continued monitoring of these trends will be crucial to understand if the area is at the beginning of a more significant demographic or economic transition.