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Demographic Analysis of Zip Code 07416: White Majority with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07416 in Franklin, New Jersey, is classified as a "White Majority" community with "Low Diversity" as of 2022. The area has a population of 5,860 and a median income of $73,235. The white population comprises 80% of the total, while the Hispanic population has grown to 14%.
Over the past decade, Franklin has maintained its "White Majority" status, but with a gradual decrease in the white population percentage from 88% in 2013 to 80% in 2022. The Hispanic population has shown the most significant growth, increasing from 8% in 2013 to 14% in 2022. The "two or more races" category has also increased from 0% to 4%. These changes suggest a trend towards increased diversity.
The black population has remained relatively stable, fluctuating between 1-4% over the decade, while the Asian population has consistently been very small, never exceeding 1%. These demographic shifts indicate that Franklin could be classified as a "Transitional Community," showing a clear trend towards increasing diversity, albeit at a gradual pace.
The median income in Franklin has fluctuated over the past decade. It peaked at $76,041 in 2014, dropped to $65,843 in 2016, and then gradually increased to $73,235 in 2022. This trend suggests a period of economic challenge followed by recovery. The period of lowest median income (2015-2017) coincides with the beginning of noticeable demographic shifts, potentially indicating a relationship between economic factors and demographic changes.
The population of Franklin has steadily decreased from 6,127 in 2010 to 5,860 in 2022, a decline of about 4.4%. This population decline, combined with the changing racial composition, could indicate that some residents, possibly predominantly white, have been leaving the area, partially replaced by new residents from more diverse backgrounds.
The trends observed in Franklin align with broader patterns seen in many suburban and small-town communities across the United States, where gradual increases in diversity are often driven by growth in Hispanic populations. The economic fluctuations may reflect broader economic trends, but the specific timing of Franklin's economic challenges suggests local factors may have played a significant role.
In conclusion, Franklin remains a predominantly white community with relatively low diversity, but shows clear signs of demographic transition. These changes, coupled with economic fluctuations, suggest a community in flux, potentially moving towards greater diversity in the coming years. The interplay between economic factors and demographic shifts highlights the complex dynamics at play in this evolving community.
