The demographic shifts in Pelham Gardens have occurred alongside economic changes. The median income has risen from $89,160 in 2013 to $93,374 in 2022, an increase of approximately 4.7% over the decade. This growth has not kept pace with inflation, suggesting a potential decline in real purchasing power for residents.

The population of Pelham Gardens has fluctuated, peaking at 17,318 in 2012 and declining to 15,884 in 2022. This population decrease, combined with the changing racial demographics, may indicate a shift in the types of households moving into and out of the neighborhood.

The demographic changes in Pelham Gardens reflect broader trends seen in many urban areas in the United States, particularly the growth of Hispanic populations and the decline of white majorities in formerly predominantly white neighborhoods. The neighborhood's ability to maintain a relatively high median income throughout this transition is notable and may indicate that the incoming Hispanic population is predominantly middle to upper-middle class.

The increase in diversity in Pelham Gardens appears to be occurring at a faster rate than in many other communities. This rapid change could be attributed to the neighborhood's proximity to other diverse areas of the Bronx and its attractiveness as a more suburban-style neighborhood within New York City.

Pelham Gardens has evolved from a White Plurality community to a Moderate Diversity neighborhood with a Hispanic Plurality over the past decade. This transition has been accompanied by modest economic growth and a slight population decline. The neighborhood's ability to maintain its economic status while undergoing significant demographic changes suggests a complex interplay of factors, including housing preferences, economic opportunities, and broader urban migration patterns.