Loading Content...
Demographic Analysis of Zip Code 07470: Transition from Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 07470 in Preakness, New Jersey, is classified as a "White Majority" area with moderate diversity as of 2022. The white population constitutes 74% of the total, while Asian (10%) and Hispanic (12%) groups have significant representations. The area is characterized by high median income levels, reaching $138,180 in 2022, indicating an affluent community.
Over the past decade, this zip code has transitioned from a "Low Diversity" area to a "Moderate Diversity" community. In 2013, the white population constituted 80% of the total, meeting the criteria for "Low Diversity." By 2022, this percentage decreased to 74%, while other racial groups increased. The Asian population increased slightly from 8% to 10%, and the Hispanic population grew from 9% to 12%. The Black population doubled from 1% to 2%, although it remains a small portion of the overall demographic.
The demographic shifts have occurred alongside substantial economic growth. The median income increased from $126,788 in 2013 to $138,180 in 2022, representing a 9% growth over the decade. There was a significant spike in 2021 with a median income of $148,498, followed by a slight decrease in 2022. This economic growth correlates with the increasing diversity, suggesting that the area's prosperity may be attracting a more diverse population.
Population figures have remained relatively stable over the decade, fluctuating between 52,000 and 53,000 residents. This stability, combined with increasing diversity and rising incomes, suggests a gradual replacement of some existing residents with new, diverse, and affluent families rather than a significant population influx.
The trends observed in this zip code align with broader national patterns of increasing diversity in suburban areas, particularly those with high median incomes. Many affluent suburbs across the United States have experienced similar demographic shifts, with growing Asian and Hispanic populations.
The median household income in this zip code ($138,180 in 2022) is significantly higher than the national median ($70,784 in 2021), positioning it as an upper-income area. This high income level, combined with increasing diversity, suggests that the area is attractive to upwardly mobile professionals from various ethnic backgrounds.
The stability in population numbers, despite increasing diversity and rising incomes, may indicate limited housing availability or zoning restrictions that prevent significant population growth. This scenario is common in affluent suburban areas where property values are high and new development may be limited.
Zip code 07470 in Preakness, New Jersey, exemplifies a gradual transition from a predominantly white, low-diversity area to a more moderately diverse, affluent community. This shift reflects broader national trends of increasing suburban diversity, particularly in high-income areas. The economic prosperity of the area appears to be a key factor in attracting a more diverse population, likely composed of skilled professionals from various ethnic backgrounds. As this trend continues, the community may face both opportunities and challenges in adapting to its changing demographic landscape.
