The population has remained relatively stable over the decade, ranging from 14,000 to 15,000 residents. This stability, combined with the increasing median income, suggests a neighborhood that is attracting and retaining a diverse mix of residents while experiencing gradual economic improvement.

The demographic shifts in Irving Park reflect broader trends seen in many urban areas across the United States, where increasing diversity is often accompanied by economic growth. The neighborhood's transition from a Hispanic majority to a more balanced demographic composition with a growing Asian population is similar to patterns observed in other major cities experiencing demographic changes due to immigration and internal migration.

The median income growth in Irving Park, while modest, outpaces the national inflation rate for most of the observed period, indicating real economic gains for the neighborhood. This trend aligns with the general economic recovery and growth experienced in many urban areas following the 2008 financial crisis.

Irving Park exemplifies a transitional community within the context of moderate diversity. Its evolving demographic landscape, coupled with steady economic growth, positions it as a microcosm of broader urban demographic shifts and their associated economic impacts. The neighborhood's ability to maintain population stability while increasing its diversity and median income suggests a dynamic community adapting to changing urban demographics.