This shift suggests Schenectady is becoming a "Transitional Community," moving towards greater diversity. The consistent decline in the white population percentage, coupled with increases in other racial groups, points to changing migration patterns and possibly evolving social dynamics within the city.

The demographic shifts have coincided with economic changes. The median income in Schenectady increased from $36,673 in 2013 to $55,465 in 2022, a rise of over 51%. The population grew from 65,915 in 2013 to 68,810 in 2022, an increase of about 4.4%.

The trends observed in Schenectady align with patterns seen in many mid-sized American cities. The shift towards greater diversity and the increase in median income are consistent with national trends of urbanization and the growth of knowledge-based economies in smaller cities.

Schenectady is likely to continue its trajectory towards becoming a "High Diversity" community in the near future. The consistent decrease in the white population percentage, coupled with increases in other racial groups, particularly in the "Two or More Races" category, suggests a continuing diversification of the population.

If the trend of rising median income continues, it could further attract a diverse, skilled workforce. This could potentially lead to Schenectady becoming a model of a "High Diversity, High Income" community, where no single racial group dominates, and economic prosperity is shared across various demographic groups.

It will be crucial to monitor whether this increasing diversity and economic growth are inclusive and benefit all segments of the population equally. The city should be watchful of potential gentrification effects that could displace long-term residents and ensure that economic development strategies promote equity and inclusion across all racial and ethnic groups.