The economic situation of the community has experienced notable changes. The median income showed an upward trend, increasing from $49,918 in 2013 to $65,396 in 2022, representing a 31% increase over the decade. This growth was not linear, with fluctuations including a significant increase to $73,120 in 2021 before settling to the current level.

The population fluctuated over the years, starting at 978 in 2013, decreasing to 743 in 2016, and then gradually recovering to 946 in 2022. This U-shaped trend in population may indicate initial challenges in the community that were later addressed, leading to a recovery in resident numbers.

The increasing median income in London Mills aligns with broader economic recovery patterns seen across many parts of the United States following the 2008 financial crisis. However, the lack of increasing diversity contrasts with many urban and suburban areas across the country, which have generally experienced growing diversity over the past decade.

The stability of the racial composition in London Mills suggests it may be a more rural or isolated community, possibly with limited immigration or in-migration from other parts of the country. This could be due to factors such as geographic location, local industry, or community characteristics that have maintained a consistent demographic profile.

London Mills has experienced economic growth over the past decade, while its racial composition has remained stable, maintaining its status as a "Low Diversity" community throughout the period. This combination of economic improvement without demographic change presents a case study in community development and the factors that influence population diversity in small American towns.