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Demographic Analysis of ZIP Code 07758: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
ZIP code 07758 in Port Monmouth, New Jersey, is classified as a "White Majority" community with "Low Diversity" as of 2022. The area is 83% white with a median household income of $90,834, which exceeds the national average. This coastal community has undergone notable demographic and economic changes in the past decade.
From 2013 to 2022, Port Monmouth maintained its "White Majority" status, but experienced minor increases in diversity. The white population decreased from 85% to 83%, while the Hispanic population fluctuated between 7-11%. The Asian population remained at approximately 3%, and the Black population increased from 0% to 2%. A "Two or More Races" category emerged, reaching 2% by 2022. These changes suggest a gradual trend towards increased racial diversity.
The median household income in Port Monmouth has shown significant fluctuations over the decade. It peaked at $112,395 in 2015, then generally declined. By 2020, it had decreased to $89,343, likely due to the COVID-19 pandemic. A sharp recovery to $110,393 occurred in 2021, followed by another decline to $90,834 in 2022. These income fluctuations coincided with a general population decline, from 5,873 in 2013 to 4,547 in 2022, representing a 22.5% decrease over the decade.
The demographic trends in Port Monmouth align with broader national trends of slowly increasing diversity in suburban areas. However, the community remains less diverse than New Jersey as a whole. The median household income, despite fluctuations, remains above the national average, reflecting the relatively affluent nature of many New Jersey suburbs. The significant population decline is noteworthy and may require further investigation into local economic or environmental factors.
The gradual increase in diversity, coupled with income fluctuations and population decline, suggests that Port Monmouth may be in the early stages of demographic and economic transition. While it remains a predominantly white, affluent area, the subtle shifts observed over the past decade could indicate the beginning of more significant changes in the community's composition and character in the coming years.
