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Demographic Analysis of Zip Code 07976: A Study of 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 07976 in New Vernon, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The racial composition shows 87% white population, exceeding the 75% threshold for low diversity classification. The median income of $134,218 in 2022 indicates an affluent community, significantly above the national median income.
Over the past decade, New Vernon has maintained its status as a "Low Diversity" area with a "White Majority". From 2013 to 2019, the white population percentage fluctuated between 82% and 96%. The area briefly approached "Moderate Diversity" in 2015-2016 when the white population dropped to around 82-84%, with Asian and Hispanic populations each reaching around 5-7%. By 2019, the community reverted to a stronger "White Majority" with 96% white population, before slightly diversifying again to 87% by 2022.
The economic trajectory of New Vernon shows a notable pattern. The median income peaked in 2013-2014 at around $200,000. From 2015 to 2018, there was a significant decline in median income, dropping to $121,645 in 2018. Since 2019, there has been a gradual recovery, with the median income reaching $134,218 in 2022. The period of greatest racial homogeneity in 2019 coincided with the beginning of the economic recovery phase.
Population trends show a general decline from 361 in 2010 to 301 in 2022, with some fluctuations. This decline might be related to the economic changes, possibly indicating outmigration during the period of income decline.
New Vernon's demographic and economic trends are notable in several ways. The area's persistent "Low Diversity" status contrasts with national trends towards increasing diversity in many communities. The median income, even at its lowest point in 2018, remained well above the national median. The population decline goes against the trend of population growth seen in many suburban areas over the past decade.
New Vernon presents a picture of a persistently affluent, predominantly white community that has experienced some economic challenges over the past decade. While it has maintained its "Low Diversity" status, subtle shifts in minority populations and significant changes in median income suggest a community undergoing gradual changes within its established demographic framework. The relationship between economic trends and demographic composition in this zip code provides a case study of how these factors interplay in small, affluent communities.
