Waxahachie has experienced economic growth alongside these demographic shifts. The median income has increased from $66,827 in 2013 to $78,208 in 2022, a rise of about 17%. This income growth has coincided with a population increase from 40,744 to 53,776 over the same period, suggesting the city has been attracting new residents.

The trends observed in Waxahachie align with patterns seen in many growing suburban areas, particularly those near major metropolitan centers. The increasing diversity and rising incomes often reflect patterns of suburbanization and the expansion of diverse populations beyond urban cores.

Based on observed trends, Waxahachie is likely to continue its trajectory towards greater diversity. If current trends persist, the city may transition from a White Majority to a Majority-Minority community within the next decade. The Hispanic population may continue to grow, potentially leading to a Hispanic Plurality in the longer term.

Economically, the steady increase in median income suggests continued growth, although the slight dip in 2022 from the previous year may indicate some economic fluctuations. The city's ability to maintain its economic growth while becoming more diverse will be crucial for its future development.

Waxahachie appears to be a Transitional Community, moving from a predominantly white, low-diversity area to a more diverse, economically robust suburban center. This transition brings both opportunities and challenges as the community adapts to its changing demographic and economic landscape.