The demographic shifts in Woodfield have coincided with notable economic changes. The median income peaked in 2013 at $53,914 and has since declined significantly, reaching a low of $44,067 in 2020 before slightly rebounding to $47,077 in 2022. This represents a 12.7% decrease in median income over the decade.

As the community transitioned to a Black Majority, the median income declined. This correlation could suggest several factors at play, such as changes in local job markets, shifts in the types of employment available, or broader economic pressures affecting the community.

The population has remained relatively stable over the period, fluctuating between 10,528 and 11,823 residents. This stability in population size, coupled with declining incomes, might indicate limited economic opportunities or challenges in attracting higher-paying jobs to the area.

The demographic trends in Woodfield reflect broader national patterns of increasing racial segregation in some areas, particularly in the South. The economic decline experienced in Woodfield contrasts with national trends, where median household income has generally increased over the same period.

The proximity to Fort Jackson may play a role in the community's demographic makeup, potentially attracting a diverse population of military personnel and their families. However, the transition to a Black Majority suggests that other factors, such as housing patterns, school quality, or job opportunities, may be influencing long-term residency decisions.

Woodfield has undergone a significant demographic transformation over the past decade, transitioning from a Majority-Minority community to one with a clear Black Majority. This shift has occurred alongside economic challenges, as evidenced by declining median incomes. These trends suggest a complex interplay between racial demographics, economic opportunities, and possibly the influence of nearby military installations, all of which are shaping the evolving character of this South Carolina community.