Loading Content...
Demographic Analysis of Zip Code 07823: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
Loading Content...
Demographics
Population
Median Income
Racial Distributions
Zip code 07823 in Belvidere, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The racial composition indicates 91% of the population identifies as white, with minor representations from other racial groups. The median income for 2022 was $72,004, suggesting a middle-class economic status.
Over the past decade, Belvidere has maintained its "Low Diversity" classification with a strong "White Majority". From 2013 to 2022, the white population remained above 89%, showing minimal fluctuation. The Hispanic population increased gradually from 3% in 2013 to 6% in 2022. Black and Asian populations remained relatively constant, around 1-2% each throughout the decade. Native American, Pacific Islander, and other racial categories showed negligible representation or no available data.
The median income in Belvidere fluctuated significantly over the past decade. From 2013 to 2016, there was a decline in median income from $67,045 to $59,974. From 2017 to 2021, there was a substantial increase, peaking at $87,621 in 2021. In 2022, the median income decreased to $72,004, higher than the early 2010s but lower than the peak.
The population of Belvidere declined gradually from 7,354 in 2010 to 6,902 in 2022, a decrease of about 6% over 12 years. This slow population decline may indicate challenges in retaining or attracting new residents, possibly related to economic opportunities or other local factors.
Belvidere's minimal change in racial composition suggests it may be less affected by broader demographic shifts seen in more urban or rapidly growing areas. The significant fluctuations in median income, particularly the sharp rise and fall between 2016 and 2022, may reflect broader economic trends such as recovery from the 2008 financial crisis, followed by the impacts of the COVID-19 pandemic. The gradual population decrease in Belvidere contrasts with the overall population growth seen in many parts of the United States, particularly in suburban and exurban areas.
Belvidere has maintained its status as a predominantly white, low-diversity area over the past decade. It has experienced notable economic fluctuations and a gradual population decline. These trends suggest a community that, while relatively stable in its demographic composition, may be facing economic and population retention challenges that could shape its future development and character.
