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Demographic Analysis of Zip Code 07934: Predominantly White Community with Subtle Racial Shifts
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 07934 in Peapack and Gladstone, New Jersey, represents a low diversity community with a white majority. As of 2022, the white population comprises 82% of the total, with a median income of $131,673. This predominantly white community has experienced subtle demographic shifts over the past decade.
From 2013 to 2022, the area has maintained its low diversity status, with the white population remaining above 75%. The white population decreased from 89% in 2013 to 82% in 2022. The Hispanic population grew from 6% to 10% during this time. Asian and Black populations showed slight increases, from 1% to 3% and 2% to 2% respectively. The population identifying as two or more races increased from 0% to 2%.
The median income in this zip code has fluctuated over the decade. It peaked at $186,226 in 2014 but has generally trended downward since then. The 2022 median income of $131,673 represents a decrease from the 2013 figure of $154,185. Despite this decline, the area remains highly affluent compared to national averages.
Population figures have remained relatively stable, hovering around 1,000 residents, with a slight increase to 1,120 in 2022. This stability in population, combined with the subtle shifts in demographics, suggests a gradual change in the community's composition rather than rapid turnover.
The changes in this zip code are occurring at a slower pace compared to national trends of increasing diversity in suburban areas. The area remains significantly less diverse than New Jersey as a whole. The high median income, despite its decline, still places this community well above both state and national averages.
In conclusion, while Peapack and Gladstone (07934) remains a low diversity area with a strong white majority, subtle demographic shifts over the past decade hint at a slow but steady move towards greater diversity. This trend, coupled with fluctuations in median income, suggests a community in the early stages of transition, potentially evolving towards a more diverse and economically varied future, albeit from a starting point of significant affluence and homogeneity.
