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Demographic Analysis of Zip Code 07863: White Majority and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07863 in Oxford, New Jersey, is classified as a "White Majority" area with "Low Diversity" as of 2022. The white population constitutes 83% of the total population. The median income in 2022 was $84,520, indicating a relatively affluent community. The median income has fluctuated over the past decade.
Over the past decade, Oxford has maintained its "White Majority" status, but shows signs of gradual transition towards increased diversity. The white population decreased from 91% in 2015 to 83% in 2022. The Hispanic population increased from 6% in 2015 to 11% in 2022, showing the most significant growth among minority groups. The population of two or more races grew from negligible levels to 2% by 2022. Despite being categorized as "Low Diversity," these trends suggest a slow movement towards "Moderate Diversity."
The median income has shown fluctuations over the years. It peaked at $92,790 in 2018, dropped to $80,441 in 2020, and recovered to $84,520 in 2022. The overall trend shows an increase from $81,191 in 2013 to $84,520 in 2022, representing about a 4% growth over nine years. This indicates relative economic stability despite short-term volatility.
The gradual increase in diversity coincides with a period of economic fluctuation. The median income has generally increased, albeit at a modest rate. This may indicate that the influx of minority populations, particularly Hispanic residents, could be attracted by economic opportunities in the area. The community's economic resilience might be partially attributed to its increasing diversity, bringing varied skills and perspectives to the local economy.
The trend of increasing diversity, particularly growth in Hispanic populations, aligns with broader national demographic shifts in the United States. The median income in Oxford ($84,520 in 2022) is likely above the national average, indicating a relatively prosperous community. The area's low diversity compared to national averages suggests it may be a more rural or suburban location.
Oxford remains predominantly white with low diversity, but shows signs of gradual demographic change. This slow transition towards greater diversity, coupled with generally stable economic indicators, suggests a community in the early stages of demographic evolution. The coming years will be crucial in determining whether these trends accelerate, potentially shifting the area into a "Moderate Diversity" or "Transitional Community" classification.
