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Demographic Analysis of Zip Code 08514: Racial Composition and Income Trends from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 08514 in Cream Ridge, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The community's median income was $135,304 in 2022, indicating a high-income area above the national average. This affluent, predominantly white community has experienced subtle demographic shifts over the past decade.
From 2013 to 2022, the area maintained its "Low Diversity" status with a strong "White Majority." The white population decreased slightly from 89% in 2013 to 88% in 2022. The Asian population increased from 1% in 2013 to 5% in 2022. The Hispanic population doubled from 3% in 2013 to 6% in 2022. The Black population decreased from 4% in 2013 to 1% in 2022.
The median income showed an upward trend, increasing from $109,407 in 2013 to $135,304 in 2022, representing a 23.7% increase over nine years. The highest median income was recorded in 2021 at $142,194. The population grew modestly from 4,972 in 2013 to 5,286 in 2022, a 6.3% increase.
The demographic trends in this zip code reflect broader national patterns of increasing diversity, albeit at a slower pace. The growth in Asian and Hispanic populations aligns with national trends, but the decrease in the Black population diverges from the general trend of increasing diversity in many suburban areas.
The high median income and its growth rate suggest that this area is economically outperforming many other parts of the country. This level of affluence may be a factor in the slow pace of diversification, as high property values can create barriers to entry for some demographic groups.
The community's evolution suggests a gradual transition towards greater diversity, but at a pace that is unlikely to dramatically alter the community's character in the near term. The economic prosperity of the area may continue to attract a more diverse population of high-income earners, potentially leading to a more noticeable shift towards a "Moderate Diversity" classification in the coming decades if current trends persist.
