The median income has shown overall growth, rising from $71,524 in 2013 to $75,169 in 2022, with fluctuations. There was an increase to $80,926 in 2021 before a decrease in 2022. This general upward trend in income correlates with the increasing diversity, suggesting a potential link between diverse populations and economic opportunities in the area.

The population has grown steadily from 23,483 in 2013 to 25,161 in 2022, indicating the borough's attractiveness to new residents.

The demographic shifts in Carteret align with broader trends seen in many suburban areas near major metropolitan centers, where increasing diversity is often accompanied by economic growth. This pattern is common in the Northeast, where established suburbs are experiencing demographic changes due to immigration and domestic migration.

Based on observed trends, Carteret is likely to continue its trajectory as a "Transitional Community" with increasing diversity. The Hispanic and Asian populations may continue to grow, potentially leading to a "Hispanic Plurality" or "Hispanic Majority" in the coming years if current trends persist.

Economically, the area may see continued growth in median income as it attracts a diverse, skilled workforce. However, the recent dip in median income from 2021 to 2022 suggests potential economic challenges or adjustments that should be monitored.

Carteret may transition into an even more pronounced "High Diversity" community, with multiple racial groups each representing significant portions of the population but none holding a clear majority. This could lead to a unique multicultural suburban identity, potentially making Carteret a model for diverse, economically vibrant communities in the region.