The median income in New Richmond has shown a significant upward trend, increasing from $59,748 in 2013 to $75,525 in 2022, representing a growth of about 26% over the decade. This economic growth has occurred alongside the slight increase in diversity, suggesting that the area may be becoming more attractive to a wider range of residents.

The population has remained relatively stable, with a slight decrease from 11,161 in 2010 to 11,038 in 2022. This stability, combined with rising incomes, may indicate that the area is becoming more affluent while maintaining its established community characteristics.

The trends observed in New Richmond are somewhat contrary to broader national trends towards increased diversity in many communities. The area's persistent Low Diversity and White Majority status suggests it may be more resistant to demographic changes than many other parts of the country.

The significant increase in median income aligns with national trends of economic recovery and growth following the 2008 recession. The 26% growth in median income over the decade is substantial and may reflect broader economic improvements or local economic development initiatives.

New Richmond remains a Low Diversity, White Majority community, with subtle signs of very gradual demographic shifts. These changes, coupled with significant economic growth, may indicate the early stages of community transition. However, any major demographic shifts would likely occur over a much longer period if current trends continue. The community's economic growth stands out as a key feature, potentially making it an attractive location for both current residents and newcomers, which could further influence its demographic composition in the future.