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Demographics
Population
Median Income
Racial Distributions
The zip code 07027 in Garwood, New Jersey, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 4,679 and a median income of $98,149, indicating a relatively affluent suburban setting.
Over the past decade, Garwood has maintained its status as a "White Majority" area, but has shown signs of increasing diversity. In 2013, the white population constituted 81% of the total, while by 2022, this figure decreased to 75%. This shift suggests a gradual trend towards greater diversity, though not enough to change the overall classification.
The Hispanic population has seen the most significant growth, increasing from 13% in 2013 to 19% in 2022. This change indicates a potential "Transitional Community" aspect, as the Hispanic population shows a clear upward trend over the years. The Asian population has fluctuated but generally increased from 5% in 2013 to 2% in 2022, while the Black population has remained consistently low, never exceeding 1%.
The median income in Garwood has shown an overall upward trend, rising from $96,099 in 2013 to $98,149 in 2022, with some fluctuations in between. The highest median income was recorded in 2021 at $104,389. This economic growth has occurred alongside the gradual increase in diversity, suggesting that the area has maintained its economic strength while becoming more inclusive.
The population has grown steadily, from 4,370 in 2013 to 4,679 in 2022, indicating that the area is attracting new residents. This population growth, combined with the increasing diversity and rising median income, points to a community that is evolving while maintaining its economic appeal.
The trends observed in Garwood align with broader patterns seen in many suburban areas across the United States, where traditionally white-majority communities are gradually becoming more diverse. The steady increase in the Hispanic population reflects national demographic shifts.
The area's sustained economic growth and high median income suggest that it remains an attractive location for residents, potentially drawing in a more diverse population seeking economic opportunities and a high quality of life.
Garwood represents a community in transition, albeit a slow and steady one. It maintains its character as a predominantly white, affluent area while gradually incorporating greater diversity, particularly through growth in its Hispanic population. The economic stability and growth of the area appear to be facilitating this transition, creating an environment where diversity can increase without significant economic disruption.