The population has grown modestly from 109,687 in 2013 to 115,009 in 2022, suggesting that the city has become increasingly attractive to new residents, possibly due to improving economic conditions.

Waterbury's trends align with broader national patterns of increasing diversity in urban areas and the growth of Hispanic and multiracial populations. The economic growth, while positive, may still lag behind national averages, as the starting point in 2013 was relatively low.

Based on the observed trends, Waterbury is likely to continue its trajectory towards becoming a "Majority-Minority" community in the near future. The Hispanic population may soon constitute a plurality if not a majority. The city might also transition into a "High Diversity" category if the growth in the multiracial population continues and other minority groups maintain their significant presence.

Economically, if the trend of income growth continues, Waterbury could see further improvements in its median income, potentially approaching or surpassing state averages. This economic growth, coupled with increasing diversity, might lead to a more vibrant and dynamic urban environment, attracting more residents and businesses.

City planners and policymakers should ensure that this growth and demographic shift benefits all segments of the population, avoiding potential issues of gentrification or economic disparity among racial groups. The city should focus on inclusive economic development strategies that capitalize on its growing diversity while addressing any existing inequalities.