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Demographic Analysis of Zip Code 07075: Transition from White Majority to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07075 in Wood-Ridge, New Jersey, is classified as a "White Majority" area with moderate diversity as of 2022. The white population comprises 60% of the total, with Asian and Hispanic populations at 17% and 18% respectively. The median household income in 2022 was $116,355, indicating an affluent community.
Over the past decade, Wood-Ridge has transitioned from "Low Diversity" to "Moderate Diversity." In 2013, the area was predominantly white with 76% of the population identifying as such. By 2022, this percentage decreased to 60%, barely maintaining the "White Majority" status. The Asian population increased from 10% in 2013 to 17% in 2022, while the Hispanic population grew from 10% to 18% during the same period. This trend suggests a "Transitional Community" status.
The black population, while still a small percentage, has shown consistent growth from less than 1% in 2013 to 3% in 2022, further contributing to the area's increasing diversity. The median household income has seen fluctuations but overall growth, rising from $110,924 in 2013 to $116,355 in 2022, representing a modest increase of about 4.9% over nine years, not accounting for inflation.
The population has grown steadily from 7,973 in 2013 to 9,681 in 2022, an increase of about 21.4%. This population growth, coupled with the maintenance of high median incomes, suggests that the area has remained attractive to new residents. The increasing diversity coinciding with maintained high incomes indicates that the influx of diverse populations has not negatively impacted the area's economic status.
The demographic shifts observed in Wood-Ridge align with broader trends seen in many suburban areas near major cities, particularly in the Northeast. The increase in Asian and Hispanic populations is consistent with national trends of growing diversity in suburban areas. The maintenance of high median incomes despite increasing diversity contrasts with some stereotypical assumptions about demographic changes and economic impacts.
The population growth rate of 21.4% over nine years outpaces both New Jersey's overall growth rate and the national average. This rapid growth, combined with increasing diversity and high incomes, suggests that Wood-Ridge is an attractive destination for a variety of demographic groups. Wood-Ridge represents a "Transitional Community" moving towards greater diversity while maintaining its economic prosperity. This trend reflects broader patterns of suburban diversification and suggests a dynamic, evolving community that has successfully integrated demographic changes with continued economic stability.
