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Demographic Analysis of Zip Code 08518: 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 08518 in Florence, New Jersey, transitioned from a low diversity to a moderate diversity community between 2013 and 2022. The white population decreased from 76% to 61%, while other racial groups increased their representation. The Hispanic population grew from 4% to 12%, and the Asian population increased from 4% to 8%. The Black population fluctuated between 6% and 18% during this period.
The demographic shifts correlated with changes in median income. From 2013 to 2016, as diversity began to increase, median income decreased from $76,992 to $60,868. However, from 2016 onwards, as the community became more diverse, median income began to rise again, reaching $76,412 in 2022, nearly returning to its 2013 level.
Population figures remained relatively stable over the decade, with a slight increase from 5,382 in 2013 to 5,683 in 2022. This stability in population, combined with increasing diversity and recovering income levels, suggests a community that is attracting a more diverse populace while maintaining its overall size and improving its economic standing.
The trends observed in Florence align with broader patterns seen in many American suburbs. Many previously homogeneous suburban communities have experienced increased racial and ethnic diversity over the past decade, often accompanied by periods of economic adjustment followed by stabilization or growth.
The community's ability to maintain its population size while becoming more diverse and eventually improving its economic status is noteworthy. It suggests that Florence has navigated the challenges often associated with demographic transitions and has emerged as a more diverse and economically resilient community.
In conclusion, Florence exemplifies a transitional community that has evolved from low diversity to moderate diversity over the past decade. This transition has been accompanied by initial economic challenges followed by recovery and growth, resulting in a more diverse and economically stable community by 2022.
