The median income in Red Oak has increased from $48,156 in 2013 to $65,736 in 2022, representing a growth of approximately 36.5%. This growth was not linear and included fluctuations. A significant increase in median income occurred between 2019 and 2021, rising from $54,554 to $73,909, before slightly decreasing in 2022.

The population has remained relatively stable during this period, fluctuating between approximately 4,300 and 4,600 residents. This suggests that the economic changes were not driven by significant population growth or decline, but rather by changes in the local economy or shifts in the resident population's economic status.

The demographic shifts observed in Red Oak align with broader national trends of increasing diversity in suburban and small-town America. The growth in median income, particularly the sharp increase from 2019 to 2021, may reflect national economic trends related to the COVID-19 pandemic and its aftermath, including wage growth in certain sectors and shifts in housing markets.

The maintenance of a moderately diverse community over time, without a clear majority for any one group, is notable. This suggests a relatively stable community that has gradually become more diverse while maintaining a balance between its two largest racial groups.

The economic growth observed, particularly in recent years, may have implications for housing affordability and community dynamics. As incomes rise, there may be changes in local businesses, housing development, and potentially in-migration patterns that could further influence the demographic makeup of the area.

Red Oak presents a case of a small community transitioning from a white majority to a more diverse population, coupled with significant economic growth. These changes reflect broader national trends towards increasing diversity and economic shifts in smaller communities, potentially driven by changing migration patterns and economic opportunities.