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Demographic Analysis of Zip Code 07004: Predominantly White Area with Slow Diversification
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07004 in North Caldwell, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The community has a population of 7,857 and a median household income of $114,340, indicating an affluent suburban environment.
Over the past decade, North Caldwell has maintained its status as a "Low Diversity" area with a "White Majority." However, subtle signs of increasing diversity are present. The White population decreased from 93% in 2013 to 88% in 2022, while the Hispanic population increased from 3% in 2013 to 9% in 2022. The Asian population fluctuated between 0-4% throughout the decade, and the Black population remained at or near 0% until 2022, when it reached 1%.
The median household income has fluctuated over the decade, with a peak of $137,353 in 2014, a low of $110,946 in 2020, and a current value of $114,340 in 2022. Despite these fluctuations, the area has consistently maintained a high median income, significantly above the national average. The population has grown modestly from 7,654 in 2013 to 7,857 in 2022, a 2.6% increase.
North Caldwell's demographic trends differ from broader national trends towards increased diversity. While the U.S. as a whole has been moving towards becoming a "Majority-Minority" nation, this zip code remains predominantly white. However, the gradual increase in Hispanic and Asian populations aligns with national trends of growth in these demographics.
The area's high median income and slow demographic changes are characteristic of affluent suburban enclaves, which often experience slower shifts in racial composition compared to urban centers or more economically diverse suburbs. The stability in both demographics and economics suggests a community that has maintained its character over the past decade, with only gradual shifts towards increased diversity.
In conclusion, while North Caldwell shows signs of incremental diversification, it remains a predominantly white, affluent area with high economic stability. The slow pace of change suggests that significant shifts in the community's demographic makeup are likely to occur over a longer time frame, barring any major economic or policy changes that could accelerate this process.
