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Demographic Analysis of Zip Code 07927: Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 07927 (Cedar Knolls, New Jersey) is classified as a "White Majority" area with moderate diversity as of 2022. The white population comprises 71% of the total, with Asian (17%) and Hispanic (9%) minorities. The area is characterized by high median incomes, consistently above $120,000 throughout the past decade, indicating an affluent community.
Cedar Knolls has transitioned from a "Low Diversity" area to a "Moderate Diversity" community over the past decade. In 2013, the area was predominantly white (78%) with minimal representation from other groups. By 2022, while still maintaining a white majority, the community has seen significant increases in Asian and Hispanic populations.
The Asian population has shown substantial growth, increasing from 16% in 2013 to 23% in 2021, before slightly decreasing to 17% in 2022. This trend suggests a potential "Transitional Community" status. The Hispanic population has grown from 6% in 2013 to a consistent 9% in recent years. The Black population has increased from virtually non-existent in 2013 to 1-2% in recent years.
The median income in Cedar Knolls has fluctuated but remained consistently high throughout the observed period. It peaked in 2015 at $143,677 and was $126,398 in 2022. This sustained high income level suggests that the area has remained attractive to affluent residents, even as it has become more diverse.
The years with the highest diversity (2020-2021) coincided with slightly lower median incomes compared to earlier years. This could indicate that the increasing diversity is bringing in a broader range of income levels. The population has grown steadily from 3,698 in 2013 to 4,143 in 2022, a 12% increase.
The demographic shifts in Cedar Knolls align with broader national trends of increasing diversity in suburban areas. The growth in Asian and Hispanic populations is consistent with national patterns. The area's extremely high median income sets it apart from national averages. The U.S. median household income in 2022 was around $70,000, making Cedar Knolls nearly twice as affluent as the national average.
The combination of increasing diversity and sustained high incomes is noteworthy. It indicates that Cedar Knolls is attracting affluent individuals from various racial backgrounds. This trend could be reflective of broader movements towards diversity in upper-income brackets and professional fields.
Cedar Knolls presents a case of a traditionally affluent, predominantly white area transitioning towards greater diversity while maintaining its economic status. This evolution reflects both national demographic trends and the unique characteristics of high-income suburban communities in the Northeast United States.
