The median household income has shown an overall upward trend, increasing from $123,370 in 2013 to $127,189 in 2022, with a peak of $139,562 in 2021. This suggests a growing economic prosperity in the area. The population has steadily increased from 9,655 in 2013 to 9,989 in 2022, indicating a stable and growing community. The gradual increase in diversity coincides with the rising median income, suggesting that the influx of Hispanic and Asian residents may be tied to economic opportunities in the area.

The demographic shifts in Waldwick reflect a broader trend seen in many suburban areas across the United States, where traditionally white-majority communities are experiencing increased diversity. With a median household income well above $100,000, Waldwick appears to be significantly more affluent than the national average, which was around $70,784 in 2021. The rate of demographic change in Waldwick seems relatively slow compared to rapid shifts seen in some urban areas, which might be experiencing more dramatic "Majority-Minority" transitions.

Waldwick (07463) represents a gradually evolving suburban community. While it remains a "White Majority" area with "Low Diversity," there are clear indications of a slow transition towards greater diversity, particularly with growth in Hispanic and Asian populations. This demographic shift is occurring alongside economic prosperity, as evidenced by rising incomes and steady population growth. The community appears to be in the early stages of a long-term transition, balancing traditional suburban characteristics with emerging diversity.