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Demographic Analysis of Cherry Hill Mall (ZIP 08052): White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Cherry Hill Mall (ZIP code 08052) in New Jersey is classified as a "White Majority" area with moderate diversity as of 2022. The white population comprises 64% of the total, while other racial groups have significant representation. The median income of $68,858 in 2022 indicates a middle to upper-middle-class community.
Over the past decade, Cherry Hill Mall has transitioned from a "Low Diversity" area to a more diverse community. In 2013, it was a "White Majority" area with 74% of the population identifying as white. By 2022, while still maintaining a white majority, the community has shifted towards increased diversity.
The most notable changes include a decrease in white population from 74% in 2013 to 64% in 2022, an increase in Hispanic population from 8% in 2013 to 13% in 2022, and growth in the "two or more races" category from 2% in 2013 to 6% in 2022. These trends suggest that Cherry Hill Mall is becoming a "Transitional Community," with increasing racial diversity over time.
The median income has shown moderate growth over the decade, rising from $68,759 in 2013 to $73,141 in 2021, before slightly decreasing to $68,858 in 2022. This overall increase in median income correlates with the growing diversity, suggesting that the area has been attracting a mix of middle to upper-middle-class residents from various racial backgrounds.
The population has remained relatively stable, with a slight increase from 19,125 in 2013 to 19,840 in 2022. This stability, combined with increasing diversity and rising incomes, may indicate that the area is becoming more attractive to a wider range of residents.
The demographic shifts observed in Cherry Hill Mall align with broader national trends of increasing diversity in suburban areas. Many U.S. suburbs have been experiencing similar transitions, with growing Hispanic and multiracial populations. The moderate income growth also reflects national trends of slow but steady economic recovery and growth in the post-2008 recession era.
Cherry Hill Mall's transition appears to be more gradual compared to some rapidly diversifying suburbs in other parts of the country. The area maintains a strong white majority, even as it becomes more diverse, suggesting a balanced and potentially more integrated community development rather than rapid demographic turnover.
The economic stability and gradual diversification of Cherry Hill Mall may contribute to a changing local culture, with potential impacts on local businesses, schools, and community services as they adapt to serve a more diverse population. This gradual change could foster a more inclusive community environment while maintaining economic stability, potentially making the area attractive to a wide range of residents seeking diverse, stable suburban communities.
