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Demographic Analysis of Zip Code 08065: Transition from Low to Moderate Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 08065 in Palmyra, New Jersey, is classified as a White Majority community with Moderate Diversity as of 2022. The area has a population of 7,309 and a median income of $76,002. The white population comprises 66% of the total, with significant representation from Black (14%) and Hispanic (10%) populations.
Over the past decade, Palmyra has transitioned from a Low Diversity community towards Moderate Diversity. In 2013, the white population was 77% with Black at 12% and Hispanic at 5%. By 2020, the white population decreased to 62% while Black (21%), Hispanic (8%), and Two or More Races (7%) categories increased. The 2022 data shows a slight reversal, with the white population increasing to 66% and the Black population decreasing to 14%, while the Hispanic population grew to 10%.
The demographic shifts have been accompanied by economic growth. The median income increased from $70,505 in 2013 to $76,002 in 2022, representing a 7.8% increase. However, this growth has not been consistent, with fluctuations observed throughout the years. A significant increase in median income to $83,551 occurred in 2021, coinciding with a slight increase in the white population percentage, followed by a decrease to $76,002 in 2022 as the racial composition became more diverse.
The population has remained relatively stable, increasing slightly from 7,248 in 2013 to 7,309 in 2022. This stability, combined with increasing diversity and overall economic growth, indicates a community in transition that has maintained its core while becoming more inclusive.
The demographic shifts in Palmyra reflect broader national trends of increasing diversity in suburban areas. Many similar-sized communities across the United States have experienced comparable transitions from Low Diversity to Moderate Diversity over the past decade.
The economic growth in Palmyra, while positive, appears to be slower than the national average. The U.S. median household income grew by approximately 10% between 2013 and 2022 when adjusted for inflation, slightly outpacing Palmyra's 7.8% growth.
Palmyra (zip code 08065) exemplifies a Transitional Community, moving from Low Diversity to Moderate Diversity over the past decade. This transition has been accompanied by modest economic growth and population stability, suggesting a gradual and managed process of demographic change. The community's ability to maintain economic growth while becoming more diverse positions it well for future development and integration.
