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Demographics
Population
Median Income
Racial Distributions
Zip code 07632 in Englewood Cliffs, New Jersey, is categorized as a "Moderate Diversity" community as of 2022. The population is 5,184 with a median income of $153,072. The racial composition consists of 43% Asian, 41% White, 9% Hispanic, and 5% multiracial.
Over the past decade, Englewood Cliffs has undergone a transformation in its racial composition. In 2013, the community was classified as "White Majority" with 52% of the population. By 2022, it transitioned to "Moderate Diversity" status, with no single racial group constituting a majority. The Asian population increased from 38% in 2013 to 43% in 2022, while the White population decreased from 52% to 41%. This change reflects a "Transitional Community" pattern.
The demographic shifts have occurred alongside fluctuations in median income. The area experienced a peak in median income in 2014 at $171,190, followed by a general decline until 2019. A significant rebound occurred in 2021 to $176,351, before settling at $153,072 in 2022. These income variations suggest a complex relationship between demographic changes and economic factors.
The period of increasing diversity (2013-2022) coincides with relatively stable, high median incomes, indicating that the area has maintained its economic affluence while becoming more diverse. This trend challenges simplistic narratives about diversity and economic outcomes.
The trends observed in Englewood Cliffs reflect broader patterns seen in many suburban areas near major metropolitan centers, particularly those with strong economic ties to global industries. The growing Asian population may be linked to increasing Asian representation in high-paying professional sectors in nearby New York City.
The stable high income levels despite increasing diversity is noteworthy, as it diverges from some national trends where increasing diversity has sometimes been associated with economic challenges. This suggests that Englewood Cliffs may be benefiting from a "diversity dividend," where a mix of cultures and backgrounds contributes to economic resilience and innovation.
The community's evolution towards greater diversity, while maintaining high income levels, positions it as a case study in successful integration and economic stability. However, with a median income significantly above the national average, Englewood Cliffs represents a unique socio-economic environment that may not be representative of broader national trends in diversity and income.
Englewood Cliffs has transitioned from a White Majority community to one of Moderate Diversity over the past decade, while maintaining its status as an affluent area. This trend suggests a positive correlation between increasing diversity and sustained economic prosperity in this particular zip code, offering insights into the complex interplay between demographic change and economic outcomes in high-income suburban communities.