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Demographic Analysis of Zip Code 07082: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07082 in Towaco, New Jersey, is classified as a "White Majority" area with low to moderate diversity as of 2022. The population of 5,720 has a median income of $113,462, indicating an affluent suburban environment. The racial composition consists of 80% white residents, with Asian Americans comprising the largest minority group at 12%.
Over the past decade, Towaco has maintained its "White Majority" status, with subtle shifts indicating a gradual increase in diversity. The Asian community has grown from 11% in 2013 to 12% in 2022. The Hispanic population has fluctuated, ranging from 4% in 2013 to 10% in 2021, before settling at 6% in 2022. Other racial groups have maintained a minimal but consistent presence, with slight increases in the "two or more races" and "other" categories.
The median income in Towaco has shown significant fluctuations. The highest median income was recorded in 2013 at $162,195. A notable drop occurred from $158,931 in 2021 to $113,462 in 2022, a decrease of about 28%. Despite these variations, the area has consistently maintained a high median income level, exceeding the national average.
The gradual increase in the Asian population correlates with periods of high median income, suggesting this demographic might be associated with high-earning professions. The temporary increase in the Hispanic population in 2021 coincided with the second-highest median income recorded. As the Hispanic population decreased in 2022, so did the median income, indicating a possible correlation. The consistent "White Majority" status aligns with the area's sustained high income levels, suggesting a stable, affluent community.
Towaco's median income is significantly higher than the national average, placing it among the more affluent communities in the United States. The slow but steady increase in diversity, particularly in Asian and Hispanic populations, aligns with broader national trends of increasing diversity in suburban areas. Despite recent income fluctuations, the area has maintained a high median income throughout the decade, indicating economic resilience.
Towaco represents a predominantly white, affluent suburban community experiencing gradual diversification. While it remains a "White Majority" area, the subtle increases in minority populations, particularly Asian and Hispanic residents, suggest a slow transition towards greater diversity. The area's economic status remains strong despite recent fluctuations, indicating a resilient local economy that may be attracting a more diverse population over time.
