The median income in Trumbo Point has shown a substantial increase over the past decade. In 2013, it was $56,139, and by 2022, it reached $82,342. This represents a 46.7% increase in median income, which correlates with the changing demographics. The rising Hispanic population coincides with this income growth, suggesting that incoming residents may be bringing higher-paying jobs or skills to the area.

Population figures have fluctuated but show an overall increase from 1,582 in 2013 to 1,789 in 2022. This 13% population growth, coupled with the income increase, indicates a growing attractiveness of the neighborhood.

The demographic shifts in Trumbo Point align with broader trends seen in many urban areas across the United States, where increasing Hispanic populations and growing diversity are common. The substantial income growth outpaces national averages, which could be attributed to the neighborhood's proximity to military installations and the economic factors of Key West as a tourist destination.

The transition towards greater diversity, particularly the growth in the Hispanic population, reflects wider demographic changes in Florida. However, the maintenance of a White Majority distinguishes Trumbo Point from some other areas in the state that have become Majority-Minority communities.

The economic growth in Trumbo Point is noteworthy given the challenges faced by many communities during the COVID-19 pandemic. While many areas saw economic downturns, Trumbo Point's median income continued to rise, suggesting a resilient local economy possibly supported by its connection to government and military employment.

Trumbo Point presents a picture of a community in transition, moving from a predominantly White Majority area to one of increasing diversity, particularly with growth in its Hispanic population. This demographic shift has occurred alongside significant economic improvement, positioning the neighborhood as an increasingly prosperous and diverse part of Key West.