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Demographic Analysis of Zip Code 08055: Predominant White Population and Racial Composition
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08055 in Medford Lakes, New Jersey, is categorized as having "Low Diversity" as of 2022. The population is 89% white. The median income is $134,017, which is above the national average.
Over the past decade, Medford Lakes has maintained its "Low Diversity" status. The white population has consistently remained above 89%. There are minor increases in diversity: the Asian population grew from 1% in 2013 to 4% in 2022, and those identifying as two or more races increased from 1% to 3% in the same period. The Black and Hispanic populations have shown minimal changes.
The median income in Medford Lakes has increased from $128,359 in 2013 to $134,017 in 2022, with a peak of $148,533 in 2021. This high income level correlates with the stable, predominantly white demographic. The population has grown modestly from 27,685 in 2013 to 29,188 in 2022, a 5.4% increase over a decade.
Medford Lakes is changing at a slower rate compared to national trends of increasing diversity in suburban areas. The modest increase in the Asian population and those identifying as two or more races aligns with broader national trends, but at a much slower pace in this community.
The area's economic stability and growth, coupled with its resistance to significant demographic shifts, suggest a community that may be attractive to high-income families seeking established neighborhoods. However, this stability also raises questions about housing affordability and inclusivity for a broader range of socio-economic groups.
In conclusion, Medford Lakes shows signs of very gradual diversification but remains a predominantly white, high-income area with strong economic indicators. The community's demographic and economic profile has remained stable over the past decade, suggesting deeply entrenched patterns of residency and community character that are slow to change.
