The median income in Malta has shown an overall upward trend, increasing from $40,219 in 2013 to $45,096 in 2022, a rise of about 12% over nine years. This growth has not been consistent, with fluctuations including a peak of $50,149 in 2021 before decreasing in 2022.

The population has remained relatively stable, declining slightly from 2,958 in 2013 to 2,898 in 2020, then increasing to 3,037 in 2022. This recent population growth coincides with the increase in racial diversity, suggesting new residents from diverse backgrounds may be moving into the area.

Malta's diversity is still behind national averages. The United States as a whole has been trending towards becoming a Majority-Minority nation, with the white population decreasing to about 60% as of the 2020 census. Malta remains predominantly white at 81%.

The median household income in Malta ($45,096 in 2022) is lower than the national median, which was approximately $70,784 in 2021. This indicates that while the area is experiencing economic growth, it still faces economic challenges compared to national averages.

The increase in the population identifying as two or more races (from 2% to 11%) is a trend seen nationwide, partly due to changing social norms and increased acceptance of multiracial identities. The rate of increase in Malta is higher than the national average, which could indicate a unique local dynamic or could be related to the small population size where small changes can lead to large percentage shifts.

Malta remains a community with Low Diversity but shows signs of transitioning towards greater racial diversity. This demographic shift, coupled with modest economic growth, suggests a community in the early stages of change. The long-term implications of these changes for the community's socioeconomic landscape remain to be seen.