The demographic changes in Hermon have coincided with significant economic shifts. The median income increased from $66,530 in 2013 to $87,805 in 2022, representing a growth of about 32% over nine years. This trend suggests a process of economic uplift that may be attracting a more diverse population to the area. There was a spike in median income to $103,473 in 2021, followed by a decrease in 2022. The population has remained relatively stable over the decade, with minor fluctuations.

The trends observed in Hermon reflect broader patterns seen in many urban areas across the United States. The shift towards greater diversity, particularly the growth in Asian and multiracial populations, aligns with national demographic trends. The increasing median income is consistent with patterns observed in many gentrifying urban neighborhoods, where economic changes often accompany demographic shifts.

Hermon's retention of a significant Hispanic population, even as it transitions from a majority to a plurality, distinguishes it from some other rapidly gentrifying areas where displacement of long-term residents is more pronounced. This suggests that Hermon may be experiencing a more balanced form of neighborhood change, where increasing diversity and economic growth coexist with some preservation of the existing community fabric.

Hermon exemplifies a Transitional Community, evolving from a Hispanic Majority to a more diverse neighborhood with a Hispanic Plurality. This demographic shift, coupled with significant economic growth, illustrates a dynamic urban area navigating the complex interplay of diversity, economic development, and community identity in 21st century Los Angeles.