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Demographic Analysis of Zip Code 08720: White Majority and Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08720 in Allenwood, New Jersey, is categorized as a "Low Diversity" area with a "White Majority" as of 2022. The community has a population of 932 and a median income of $148,435. This zip code covers 1.7 square miles, suggesting a densely populated suburban environment.
Over the past decade, Allenwood has maintained its status as a "Low Diversity" area with a "White Majority." The White population decreased from 98% in 2015 to 92% in 2022. The Asian population increased from 0% in 2015 to 3% in 2022. The population identifying as two or more races increased from less than 1% in 2015 to 4% in 2022. These changes indicate a slow transition towards slightly more diversity.
The median income in Allenwood has shown significant growth over the past decade. In 2013, it was $101,424, increasing to $131,966 in 2017, and reaching $194,428 in 2021. However, it decreased to $148,435 in 2022. This overall upward trend in median income correlates with the subtle increases in diversity. The population has remained relatively stable, fluctuating between 800 and 1,000 residents throughout the decade.
The changes in Allenwood align with broader national trends of increasing diversity in suburban areas. However, the pace of change appears slower than national averages. The high median income and slow pace of diversification suggest a community that may be less accessible to a broader range of socioeconomic groups compared to more rapidly diversifying suburbs across the country.
The significant income growth in Allenwood outpaces national averages, indicating that the area is becoming increasingly affluent relative to other areas. This could potentially lead to further demographic changes as the area attracts more high-income professionals from diverse backgrounds.
Allenwood remains a predominantly white, affluent suburb. Subtle signs of increasing diversity and significant income growth suggest the beginning of a long-term transition. These changes, though slow, may gradually reshape the community's demographic and economic landscape over the coming decades.
