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Demographic Analysis of Zip Code 07703: White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07703 in Eatontown, New Jersey, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a population of 601 and a median income of $94,642. The white population constitutes 72% of the total, with Hispanic (15%) and Two or More Races (6%) being the next largest groups.
Over the past decade, this zip code has maintained its status as a "White Majority" area. There have been subtle shifts towards increased diversity. The white population percentage has slightly decreased from 77% in 2017 to 72% in 2022. The Hispanic population has shown a gradual increase from 10% in 2017 to 15% in 2022. The percentage of those identifying as Two or More Races has increased from 1% in 2017 to 6% in 2022. These trends suggest a slow but steady transition towards a more diverse community.
The median income in this zip code has fluctuated over the years. It peaked in 2016 at $119,349. There was a drop to $86,568 in 2018. As of 2022, it has rebounded to $94,642. These economic fluctuations do not appear to have a clear correlation with the gradual increase in diversity. However, the overall trend shows a relatively high median income.
The population has shown a decline over the decade. It decreased from 938 in 2010 to 601 in 2022. A significant drop occurred in 2020 (409 residents). This population decrease, coupled with the maintenance of a relatively high median income, suggests that while the area may be becoming less densely populated, it remains economically attractive.
The trends observed in this zip code align with broader national patterns of increasing diversity in suburban areas. The maintenance of a white majority, coupled with gradual increases in Hispanic and multiracial populations, is consistent with demographic shifts seen in many parts of the United States.
The economic resilience of the area, maintaining a high median income despite population fluctuations, suggests that this zip code may be part of a desirable suburban region that is slowly becoming more diverse while retaining its economic advantages.
In conclusion, while the 07703 zip code remains a "White Majority" area, it shows signs of a gradual transition towards greater diversity. This shift, combined with its economic stability, indicates a community in slow but steady demographic evolution, potentially reflecting broader national trends of suburban diversification.
