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Demographic Analysis of Zip Code 07646: Racial Composition and Income Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07646 in New Milford, New Jersey, is classified as a "Moderate Diversity" area as of 2022. The white population comprises 50% of the total, with Asian and Hispanic communities each representing 20%. The median income in 2022 was $112,891, indicating an affluent community. Over the past decade, the area has transitioned from a "White Majority" to a "Moderate Diversity" community.
From 2013 to 2022, significant demographic shifts occurred. The white population decreased from 58% to 50%. The Asian population increased from 18% to 20%, and the Hispanic population grew from 14% to 20%. The Black population slightly decreased from 5% to 4%, while those identifying as two or more races increased from 1% to 4%. These changes suggest that New Milford is becoming a "Transitional Community" with increasing diversity.
The median income in the area has shown overall growth with fluctuations. In 2013, it was $104,711, peaked at $119,183 in 2017, dipped to $110,508 in 2020, and recovered to $112,891 in 2022. This economic trend correlates with the increasing diversity. The population has grown steadily from 16,527 in 2013 to 17,047 in 2022, indicating the area's attractiveness to new residents.
The demographic shifts in New Milford align with broader national trends of increasing diversity in suburban areas. Many suburban communities across the United States have experienced similar transitions from predominantly white areas to more diverse neighborhoods over the past decade.
The median income in New Milford is significantly higher than the national median household income, indicating that this is a relatively affluent area. This high income level, combined with increasing diversity, suggests that New Milford may be experiencing a form of "suburban gentrification," where affluent, diverse populations move into traditionally homogeneous suburban areas.
The community's evolution from a "White Majority" to a "Moderate Diversity" area, coupled with its economic prosperity, reflects changing demographics and economic patterns in American suburbs. These changes likely bring both opportunities and challenges to the local community.
