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Demographic Analysis of Zip Code 08721: Trends in Racial Composition from 2013 to 2022
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08721 in Ocean Gate, New Jersey, is classified as a "White Majority" area with "Low Diversity" as of 2022. The white population constitutes 80% of the total population. The median income for this area in 2022 was $94,201. These demographics are the result of gradual changes over a decade.
Over the past decade, this zip code has maintained its status as a "White Majority" area. There has been a slow trend towards increased diversity. The white population has decreased from 87% in 2013 to 80% in 2022. The Hispanic population has increased from 9% in 2013 to 11% in 2022. The Asian population has increased from 1% in 2013 to 4% in 2022. The "Two or More Races" category has increased from 1% to 3%.
The demographic shifts have occurred alongside economic changes. The median income has increased from $78,907 in 2013 to $94,201 in 2022, an increase of about 19.4% over nine years. There was an increase in median income to $102,846 in 2021, followed by a decrease in 2022. The population has grown from 20,391 in 2013 to 21,784 in 2022, an increase of about 6.8%.
The increasing diversity coincides with rising median incomes. This suggests that the area may be attracting more affluent and diverse residents. This could indicate changing local economic opportunities or shifts in housing preferences among different demographic groups.
The trend towards increased diversity aligns with broader national trends of growing diversity in suburban areas. The income growth in this zip code outpaces national averages, suggesting that this area may be experiencing more rapid economic development than many other parts of the country. The persistence of a strong white majority, despite increasing diversity, indicates that this area may be changing more slowly than some other suburban regions.
The 08721 zip code remains a predominantly white, affluent area. It shows signs of gradual transition towards greater diversity. This shift, coupled with economic growth, suggests a community in the early stages of demographic and economic change. If these trends continue, this area may move towards "Moderate Diversity" in the coming years, potentially altering the social and economic composition of the community.
