Crescentville has experienced economic growth alongside its demographic shifts. The median income increased from $22,005 in 2013 to $63,627 in 2022. This increase in median income correlates with the changing racial composition, particularly the growth of the Hispanic population and the decrease in the Black population.

The population peaked in 2019 at 2,288 residents but has since declined to 1,566 in 2022. This population decrease, coupled with the continued rise in median income, suggests a possible gentrification process or a shift in the neighborhood's economic character.

The demographic shifts observed in Crescentville align with trends seen in many urban areas across the United States, where traditionally Black neighborhoods are experiencing an influx of Hispanic residents and, in some cases, gentrification. The rapid income growth in Crescentville outpaces national averages, which could indicate targeted development or revitalization efforts in the area.

The transition from a Black Majority to a more diverse community with a growing Hispanic population reflects larger demographic shifts happening in many American cities. The increase in median income is noteworthy and may warrant further investigation into local economic development initiatives or changing housing markets.

Crescentville exemplifies a neighborhood in transition, both demographically and economically. Its evolution from a predominantly Black community to a more diverse one, coupled with income growth, presents opportunities and challenges for community cohesion and equitable development. The coming years will be crucial in determining whether this transition leads to a more integrated and prosperous community for all residents or if it risks displacing long-time residents due to rising costs of living.