The median income in Elliott increased substantially over the observed period, rising from $52,502 in 2013 to $69,385 in 2022, an increase of approximately 32%. This economic growth coincided with the gradual diversification of the community.

The population fluctuated over the years without a clear long-term trend. It peaked at 636 in 2020 and stood at 580 in 2022, slightly higher than the 2013 population of 519. The lack of consistent population growth, despite rising incomes, might indicate improving economic opportunities for existing residents rather than significant new migration to the area.

The trends observed in Elliott reflect some broader patterns seen in many rural American communities: slow but steady increase in diversity, particularly through growth in Hispanic populations; gradual economic improvement as reflected in rising median incomes; and relatively stable population numbers. However, Elliott's 94% white population in 2022 is notably higher than the national average of approximately 60% non-Hispanic white in 2020, suggesting a much slower rate of diversification than many other parts of the country.

Elliott represents a community in the very early stages of demographic transition. It remains a low diversity area with a strong white majority, but the gradual increase in Hispanic residents and the emergence of other racial groups hint at potential future demographic shifts. This slow diversification, coupled with rising median incomes, suggests a community experiencing modest economic growth while maintaining its traditional demographic character.