The median income in the area has shown some fluctuation but overall growth over the past decade. In 2013, the median income was $72,017, and by 2021, it had increased to $80,632, representing a growth of about 12%. However, there was a slight decrease to $72,762 in 2022.

The population has remained relatively stable over the decade, with minor fluctuations. It peaked at 62,613 in 2017 and stood at 61,057 in 2022. This stability in population, combined with changing demographics and rising incomes, indicates a community in transition rather than one experiencing rapid growth or decline.

The demographic shift observed in this Chicago zip code aligns with broader national trends of increasing diversity in urban areas. Many U.S. cities have seen growth in their Hispanic populations over the past decades, often accompanied by economic development in previously declining neighborhoods.

The median income in this zip code ($72,762 in 2022) is higher than the national median household income (approximately $70,784 in 2021), suggesting that despite demographic changes, the area has maintained relative economic stability and even seen some growth.

The transition from a white majority to a Hispanic plurality within a decade is a relatively rapid change compared to national averages. This quick shift could potentially lead to cultural and social adjustments within the community, including changes in local businesses, schools, and community services to better serve the evolving population.

Zip code 60638 in Chicago exemplifies a Transitional Community that has evolved from a White Majority area to a Majority-Minority community with a strong Hispanic Plurality. This demographic shift has been accompanied by overall economic growth, as evidenced by the increase in median income. The area's evolution reflects broader national trends of increasing diversity in urban areas, while its economic resilience suggests a successful integration of new community members into the local economy.