Powder Horn Lake, a neighborhood in Chicago, Illinois, presents as a Hispanic Majority community with a median income of $50,613 as of 2022. The area has undergone demographic shifts over the past decade, transitioning from a balanced racial composition to one dominated by Hispanic residents. This change aligns with trends seen in many urban areas across the United States, where Hispanic populations have grown. Powder Horn Lake has maintained a relatively stable population size despite these demographic shifts, suggesting a process of in- and out-migration rather than overall growth.

In 2013, Powder Horn Lake had Moderate Diversity, with White (46%) and Hispanic (44%) populations nearly equal and a small Black population (4%). Over the next decade, the neighborhood transitioned through several categories. By 2015, it had become a Majority-Minority area, with the Hispanic population reaching 50%. From 2016 to 2019, the area fluctuated between Hispanic Plurality and Majority-Minority status. By 2020, it solidified as a Hispanic Majority neighborhood, with the Hispanic population reaching 55%. As of 2022, the Hispanic majority has strengthened to 61%, while the White population decreased to 25%, establishing the area as a Hispanic Majority community.

The median income in Powder Horn Lake has shown volatility over the past decade. From 2013 to 2014, there was a jump from $35,144 to $52,383. The income then fluctuated, reaching a peak of $65,374 in 2018. As of 2022, the median income stands at $50,613, which is lower than the 2014 level when adjusted for inflation. The strengthening of the Hispanic majority coincided with periods of both income growth and decline. This suggests that the demographic shift was not solely driven by economic factors but may be related to broader cultural and social trends in the area.