By 2020, the community was characterized as having a Hispanic Plurality, a status it has maintained through 2022. The representation of multiracial individuals increased from 1% in 2013 to 7% in 2022, further indicating the neighborhood's evolution towards greater diversity.

The median income in Wells has shown an overall upward trend, rising from $59,699 in 2013 to $73,526 in 2022, an increase of about 23% over the decade. This growth in median income has occurred alongside the demographic shifts. The median income peaked in 2021 at $76,317 before decreasing slightly in 2022.

The population of Wells has grown from 3,957 in 2010 to 5,626 in 2022, an increase of about 42%. This population growth, combined with the demographic shifts and overall income growth, suggests that the neighborhood has been attractive to new residents from diverse backgrounds.

The demographic shifts observed in Wells reflect broader trends seen in many California urban areas, where Hispanic populations have been growing and traditionally White-majority areas have become more diverse. The increase in the Black population is notable as it differs from some California cities that have seen declining Black populations.

The economic growth in Wells, despite significant demographic changes, indicates integration and economic opportunity. However, the slight decrease in median income in 2022 warrants attention, as it could signal emerging economic challenges that might affect the community's continued progress towards greater diversity and prosperity.

Wells exemplifies a neighborhood in transition, moving from a White Majority to a diverse Majority-Minority community with a Hispanic Plurality. This demographic evolution has been accompanied by overall economic growth, suggesting a relatively successful integration of diverse populations. Recent economic indicators suggest a need for continued monitoring to ensure that the neighborhood's diversity continues to be a strength rather than a source of disparity.