Alongside these demographic shifts, Phoenix has experienced economic growth. The median income rose from $26,821 in 2013 to $46,887 in 2022, representing a 75% increase over the decade. This economic uplift coincides with the diversification of the community. The population has decreased from 1,571 in 2013 to 1,100 in 2022, a decline of about 30%.

The trends observed in Phoenix align with broader patterns seen in many urban and suburban areas across the United States. The increasing Hispanic population reflects national demographic trends, while the economic growth amid population decline is reminiscent of changes seen in many post-industrial communities undergoing revitalization or gentrification.

Based on the observed trends, Phoenix appears to be on a trajectory towards greater diversity. If current trends continue, the community might transition from a "Black Majority" to a "Moderate Diversity" category within the next 5-10 years. The Hispanic population may continue to grow, potentially reaching a level where Phoenix could be categorized as a "Majority-Minority" community.

Economically, if the upward trend in median income continues alongside the diversification, further economic growth might be expected. However, the declining population trend is a concern that needs to be monitored, as it could impact the long-term economic sustainability of the community.

Phoenix is undergoing a significant demographic and economic transformation. These changes present opportunities and challenges for community leaders and policymakers, who will need to navigate the evolving landscape to ensure inclusive growth and maintain community cohesion.