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Demographics
Population
Median Income
Racial Distributions
Zip code 07871 in Lake Mohawk, New Jersey, is classified as a "White Majority" area with "Low Diversity" as of 2022. The white population constitutes 84% of the total, dominating the demographic composition. The area is characterized by high median incomes, with the 2022 figure at $143,945, indicating an affluent community.
Over the past decade, Lake Mohawk has maintained its status as a "White Majority" area. However, there are indications of increasing diversity, albeit at a slow pace. The white population has decreased from 90% in 2013 to 84% in 2022. The Hispanic population has increased from 5% in 2013 to 8% in 2022. The Asian population has doubled from 2% in 2013 to 4% in 2022. The category of "Two or More Races" has risen from 1% to 3%.
These changes suggest a slow transition towards a more diverse community. The area could be considered a "Transitional Community" in its early stages, with gradual changes occurring over time. The median income in Lake Mohawk has shown an overall upward trend, with some fluctuations. From 2013 to 2022, the median income increased from $142,919 to $143,945, a growth of about 0.7%.
There was a significant increase in 2021, with the median income reaching $159,501, before returning to levels more consistent with the overall trend in 2022. The population has remained relatively stable, with a slight increase from 20,084 in 2013 to 20,090 in 2022. The economic stability and high median income levels may be factors in the slow pace of demographic change.
The median income in Lake Mohawk is significantly higher than the national median household income, which was around $70,784 in 2021. This indicates that the area is particularly affluent compared to national averages. The slow increase in diversity, particularly in Hispanic and Asian populations, aligns with broader national trends of increasing diversity in suburban areas, although the pace of change in Lake Mohawk appears to be slower than in many other parts of the country.
The stability in population and consistent high income levels suggest that Lake Mohawk may be a desirable area with limited housing turnover, which could contribute to the slow pace of demographic change. While Lake Mohawk remains a predominantly white, affluent area with low diversity, there are signs of gradual demographic shifts. These changes suggest that the community may be in the early stages of a long-term transition towards greater diversity, albeit at a pace that is likely moderated by economic factors and the area's established character.