The median income in Cedar Lake has shown an overall upward trend, rising from $67,749 in 2013 to $77,223 in 2022, an increase of about 14%. This trend suggests improving economic conditions for residents over the decade. There was a significant spike in median income to $86,320 in 2021, followed by a decrease in 2022, which could be related to broader economic factors.

The population has grown steadily, from 13,278 in 2013 to 16,397 in 2022, an increase of about 23.5%. This population growth, combined with the rising median income, suggests that Cedar Lake has been attracting new residents.

The persistent "Low Diversity" classification of Cedar Lake contrasts with national trends towards increasing diversity in many urban and suburban areas. The steady increase in median income aligns with broader economic growth trends observed in many parts of the United States over the past decade. The population growth rate of 23.5% over a decade is significantly higher than the national average, which typically hovers around 7-8% per decade.

Cedar Lake has maintained its status as a predominantly white community with low diversity over the past decade. It has experienced notable economic growth and population increase. These trends suggest a community that, while not significantly diversifying racially, is attracting new residents and experiencing economic development. The stability in racial composition, coupled with economic growth, may indicate that the area is attractive to a specific demographic.