The median income in Highland Village has shown significant volatility over the past decade. Starting at $37,928 in 2013, it reached a low of $34,051 in 2014 before climbing to $44,781 in 2016. After another dip to $36,448 in 2018, it has since risen dramatically, peaking at $61,430 in 2021 before settling at $54,529 in 2022.

The period of highest Hispanic concentration (2019-2020) coincided with relatively lower median incomes ($41,448 and $40,560 respectively). The recent increase in diversity, with growth in both White and Asian populations, correlates with the significant rise in median income since 2021.

Population figures have fluctuated as well, peaking at 4,416 in 2018 before declining to 3,565 in 2022. This population decrease, coupled with rising incomes, might suggest a gentrification process or changing housing market dynamics.

The demographic shifts in Highland Village reflect broader trends seen in many urban areas across the United States, where Hispanic populations have been growing. The recent slight reversal of this trend, with increases in White and Asian populations, may indicate a unique local phenomenon.

The dramatic income increases in recent years, particularly from 2020 to 2021 (a jump from $40,560 to $61,430), are notable and exceed typical year-over-year income growth rates. This could be indicative of rapid economic changes in the area, possibly due to an influx of higher-income residents or significant local economic development.

The neighborhood's transition from a Hispanic Plurality to a Hispanic Majority and back to a state of Moderate Diversity within a decade highlights the dynamic nature of urban demographics. This fluidity in racial composition, combined with volatile income trends, suggests that Highland Village is undergoing significant socio-economic changes that may be reshaping the character and opportunities within the community.