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Demographic Analysis of Zip Code 07005: White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07005 in Boonton, New Jersey, is classified as a "White Majority" area with moderate diversity as of 2022. The demographic composition consists of 71% white population, 12% Asian, 11% Hispanic, and 4% Black. The median income in 2022 was $110,471, indicating an affluent suburban community in New Jersey.
Over the past decade, Boonton has maintained its "White Majority" status while experiencing a gradual increase in diversity. The white population decreased from 76% in 2013 to 71% in 2022, with slight increases in Asian and Hispanic populations. This trend suggests a slow transition towards a more diverse community, although it has not yet reached the threshold for "High Diversity" as defined in the study.
The area shows characteristics of a "Transitional Community," with gradual increases in Hispanic and multi-racial populations. The percentage of residents identifying as two or more races doubled from 1% to 2% between 2013 and 2022, indicating a growing multi-ethnic presence.
The median income in Boonton has fluctuated over the years but demonstrates an overall upward trend. It increased from $105,391 in 2013 to $110,471 in 2022, representing a 4.8% increase over the decade and suggesting economic stability and growth.
The population has remained relatively stable, decreasing slightly from 16,973 in 2013 to 16,923 in 2022. This stability, combined with increasing diversity and rising median income, suggests that the area is attracting diverse, affluent residents while maintaining its community character.
The demographic shifts in Boonton align with broader national trends of increasing diversity in suburban areas, albeit at a slower rate. The high median income significantly exceeds the national median, positioning Boonton as an affluent suburb.
The stable population alongside increasing diversity and rising incomes suggests that Boonton may be experiencing some degree of gentrification or "suburban renewal," attracting diverse, high-income residents while potentially displacing some lower-income households.
Boonton remains a "White Majority" area but shows signs of gradual diversification and economic growth. These trends reflect broader patterns of suburban demographic change but occur at a more measured pace, maintaining the area's character as an affluent, predominantly white community with increasing pockets of diversity.
