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Demographic and Economic Trends in Bulls Ferry: Asian Plurality and Income Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Bulls Ferry, a neighborhood in Edgewater, New Jersey, demonstrates Moderate Diversity with an Asian plurality of 39%, followed by White (31%) and Hispanic (23%) populations as of 2022. The area's median income increased from $101,716 in 2013 to $128,545 in 2022. Bulls Ferry is situated along the Hudson River, offering views of the Manhattan skyline.
Over the past decade, Bulls Ferry transitioned from a White plurality to an Asian plurality while maintaining Moderate Diversity. In 2013, the neighborhood had a White plurality (39%) with Asians at 40%. By 2022, Asians became the largest group (39%) and Whites decreased to 31%. The Hispanic population grew from 16% in 2013 to 23% in 2022. The Black population declined slightly from 2% to 1% over the decade.
The demographic shifts in Bulls Ferry coincide with significant economic growth. The median income rose by approximately 26% from 2013 to 2022. The population increased from 7,036 in 2013 to 9,681 in 2022, a 37.6% increase. This population growth and rising incomes suggest that Bulls Ferry has become an increasingly desirable location for affluent, diverse professionals.
The trends in Bulls Ferry align with patterns seen in suburban areas near major metropolitan centers, particularly those with strong ties to the technology and finance sectors. The growth of the Asian population reflects national trends, where Asian Americans are the fastest-growing racial or ethnic group in the United States.
The increasing diversity and rising incomes in Bulls Ferry reflect a broader trend of "suburbanization of diversity" seen across the country. The high median income of Bulls Ferry ($128,545 in 2022) exceeds the national median household income ($70,784 in 2021), indicating that this community is particularly affluent.
The neighborhood's evolution demonstrates how changing demographics can coincide with economic growth, potentially reflecting shifts in industry, education, and global migration patterns. The future development of Bulls Ferry will likely be influenced by these ongoing demographic and economic trends.
