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Demographic Analysis of Zip Code 07424: Transition from Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 07424 in Woodland Park, New Jersey, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 26,892 and a median income of $98,902. The white population constitutes 65%, with significant representation from Hispanic (23%) and Asian (6%) communities, indicating a trend towards increasing diversity over the past decade.
Over the past decade, Woodland Park has transitioned from a "Low Diversity" community to a more diverse one. In 2013, the area was classified as "White Majority" with low diversity, with the white population at 71% and minimal representation from other groups. By 2022, while still maintaining a "White Majority" status, the community has shifted towards "Moderate Diversity" with increasing representation from Hispanic and Asian populations.
The Hispanic population has shown the most significant growth, increasing from 15% in 2013 to 23% in 2022. This trend suggests that Woodland Park could be classified as a "Transitional Community," particularly in terms of Hispanic representation. The Asian population has remained relatively stable, with a slight increase from 5% to 6% over the decade.
The black population has seen a modest increase from 3% to 4%, while the percentage of individuals identifying as two or more races has grown from less than 1% to 3%. These changes further support the classification of Woodland Park as a "Transitional Community" moving towards greater diversity.
The demographic shifts in Woodland Park have occurred alongside significant economic changes. The median income has increased from $93,843 in 2013 to $98,902 in 2022, representing a growth of about 5.4% over the decade. This increase suggests that the area has maintained its economic stability while becoming more diverse.
There was a notable spike in median income in 2021, reaching $108,964, before settling back to $98,902 in 2022. The population has grown steadily over the decade, from 26,058 in 2013 to 26,892 in 2022, an increase of about 3.2%.
The trends observed in Woodland Park align with broader national patterns of increasing diversity in suburban areas. Many suburbs across the United States have been experiencing similar demographic shifts, with growing Hispanic and Asian populations contributing to increased diversity.
The median household income in Woodland Park ($98,902 in 2022) is significantly higher than the national median household income, which was approximately $70,784 in 2021. This suggests that despite the demographic changes, Woodland Park remains an economically prosperous area.
The community's transition towards greater diversity while maintaining economic stability is a positive indicator of successful integration and economic opportunity for various racial and ethnic groups.
