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Demographics
Population
Median Income
Racial Distributions
The zip code 07436 in Oakland, New Jersey, is classified as a "White Majority" area with "Low Diversity" as of 2022. The white population constitutes 81% of the total population, exceeding the threshold for a racial majority. The median income in 2022 was $144,982, indicating an affluent community.
Over the past decade, this zip code has maintained its status as a "White Majority" area. There have been minor shifts towards increased diversity, but it remains within the "Low Diversity" category. The white population decreased from 88% in 2013 to 81% in 2022. The Hispanic population showed the most significant growth, increasing from 7% in 2013 to 12% in 2022. The Asian population increased from 3% in 2013 to 4% in 2022, with a peak of 6% between 2018-2021. Other racial groups have maintained relatively stable, small percentages.
The median income in this zip code has shown an upward trend, increasing from $124,687 in 2013 to $144,982 in 2022, representing a 16.3% increase over nine years. There was a notable increase in median income from $137,164 in 2019 to $157,691 in 2021, followed by a slight decrease from 2021 to 2022.
These economic trends suggest that while the area is becoming slightly more diverse, it is also becoming more affluent. This could indicate that the increasing diversity is driven by higher-income Hispanic and Asian families moving into the area, rather than a broader socioeconomic diversification. Population trends show minimal change, from 12,756 in 2013 to 12,667 in 2022, suggesting a stable, established community.
The median income in this zip code is significantly higher than the national average, indicating an exceptionally affluent area. The slow pace of diversification is contrary to national trends, which generally show faster rates of increasing diversity in suburban areas. The stable population numbers, coupled with increasing median income, suggest this area might be experiencing "gentrification" or becoming increasingly exclusive due to rising property values.
In conclusion, while zip code 07436 is showing signs of gradual diversification, it remains a predominantly white, affluent area with low overall diversity. The economic trends indicate that this community is becoming more exclusive, potentially limiting opportunities for broader socioeconomic diversity. These patterns suggest a community that is slowly changing but still maintains much of its historical demographic and economic character.