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Demographic Analysis of Zip Code 08402: Persistent White Majority in Margate City, NJ
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08402 in Margate City, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The population of this community is 5,328 with a median income of $106,095, indicating an affluent area. The racial composition shows 95% of the population identifying as white, with minimal representation from other racial groups.
Over the past decade, Margate City has maintained its status as a "Low Diversity" area with a "White Majority." The white population percentage has fluctuated slightly between 92% and 96%, but these changes have not significantly altered the overall demographic categorization. The Hispanic population has increased marginally from 1% in 2013 to 3% in 2022. Other racial groups, including Asian, Black, and those of two or more races, have maintained relatively stable, small percentages throughout the decade, generally not exceeding 2% each.
The median income in Margate City has shown an upward trend over the past decade. In 2013, the median income was $86,487, increasing to $106,095 by 2022, representing a 22.7% increase. This trend suggests growing affluence in the area. A notable spike in median income occurred in 2021, reaching $126,936, before slightly decreasing in 2022. Population figures show a steady decline from 6,382 in 2013 to 5,328 in 2022, a decrease of about 16.5%.
The trends observed in Margate City appear to diverge from broader national trends towards increasing diversity. Many urban and suburban areas across the United States have been experiencing increases in racial and ethnic diversity over the past decade. However, Margate City's persistent low diversity and increasing affluence suggest it may be resisting these broader demographic shifts.
The rising median income in Margate City contrasts with national trends of income stagnation for middle-class households. This could indicate that Margate City is becoming increasingly attractive to high-income individuals. The combination of rising incomes and decreasing population suggests a trend towards exclusivity that may present challenges for increasing diversity in the future.
Margate City presents a picture of a stable, affluent, predominantly white community that has maintained its demographic composition despite broader national trends towards increased diversity. The slight increase in Hispanic population could be an early indicator of potential future changes if the trend continues or accelerates.
