Flatiron's demographic shifts have occurred alongside consistently high median incomes. The median income peaked in 2019 at $174,085 before declining to $161,798 in 2022. This slight decline coincides with the period of increased diversity. Despite these changes, Flatiron remains an affluent neighborhood. The high income levels suggest that increasing diversity is likely driven by high-skilled immigrants and professionals from various backgrounds.

The population has remained relatively stable over the decade, with minor fluctuations. The most notable increase was in 2019, coinciding with the peak in median income. This stability in population alongside increasing diversity indicates a gradual replacement of residents.

Flatiron's demographic evolution reflects broader trends seen in many urban centers across the United States, particularly in tech-centric neighborhoods. The increasing Asian population aligns with national trends in tech hubs. The growth in the Hispanic population is part of a larger demographic shift seen across New York City and other major U.S. cities.

The neighborhood's consistently high median income, even as it becomes more diverse, sets it apart from some other diversifying urban areas. In Flatiron, the data suggests a more economically homogeneous diversification.

Flatiron is evolving from a predominantly white, affluent enclave to a more diverse, but still affluent, urban neighborhood. This transition reflects broader urban demographic trends but is distinctive in maintaining its economic status while increasing its racial and ethnic diversity. As this trend continues, Flatiron may transition from a White Majority to a High Diversity neighborhood, potentially altering its cultural landscape while likely maintaining its economic character.