The demographic changes have occurred concurrently with economic developments. The median income has shown an overall upward trend, increasing from $69,964 in 2013 to $73,935 in 2022, with a peak of $80,857 in 2021. This general increase in median income suggests that the demographic shifts have not negatively impacted the area's economic prosperity.

The population has remained relatively stable over this period, with minor fluctuations. This stability, combined with increasing diversity and rising incomes, may indicate that the area has become increasingly attractive to a diverse range of residents while maintaining its economic appeal.

The trends observed in this zip code align with broader national patterns of increasing diversity in suburban areas. Many U.S. suburbs have experienced growth in Hispanic and Asian populations over the past decade, often accompanied by economic development. The stable population alongside increasing diversity suggests that this area may be experiencing "suburban diversification," a phenomenon observed in many metropolitan areas across the country.

The consistent increase in median income, even as the community became more diverse, counters some national trends where increasing diversity has sometimes been associated with economic challenges. This positive correlation between diversity and economic growth could indicate that the area has successfully integrated its changing demographics into its economic fabric, possibly benefiting from the diverse skills and cultural capital of its residents.

The 60120 zip code in Elgin, Illinois, presents a case of a community transitioning from moderate to high diversity, achieving majority-minority status, while simultaneously experiencing economic growth. This evolution reflects broader national trends of suburban diversification but stands out for its positive economic trajectory alongside these demographic shifts.