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Demographic Analysis of Zip Code 08723: White Majority with Emerging Hispanic Growth
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 08723 in Leisure Village East, New Jersey, is classified as a Low Diversity community with a White Majority. As of 2022, the white population comprises 80% of the total, exceeding the 75% threshold for low diversity classification. The area has undergone subtle demographic changes over the past decade, along with fluctuations in median income and population growth.
From 2013 to 2022, the community has maintained its status as a White Majority area. The white population decreased from 88% in 2013 to 80% in 2022. The Hispanic population increased from 7% in 2013 to 15% in 2022. The population identifying as two or more races grew from 1% in 2013 to 3% in 2022. These changes indicate a gradual transition towards increased diversity, suggesting a Transitional Community trend.
The median income in the area has shown overall growth with fluctuations. In 2013, it was $85,834. It reached its lowest point in the decade at $79,820 in 2017, peaked at $96,337 in 2021, and settled at $86,517 in 2022. The population grew moderately from 32,316 in 2013 to 32,982 in 2022, a 2% increase over the decade.
There is a correlation between demographic and economic trends. The period of lowest median income (2016-2017) coincides with an acceleration in Hispanic population growth (9% to 11%). The subsequent income recovery and growth (2018-2021) aligns with continued diversification, suggesting that increased diversity may have contributed to economic resilience. The slight population growth over the decade, coupled with increasing diversity, may indicate that the area is becoming more attractive to a wider range of residents.
The trends observed in this zip code align with broader national patterns, including increasing diversity in suburban areas, particularly growth in Hispanic populations, and gradual transition of previously homogeneous communities towards greater racial and ethnic diversity. However, the rate of change in this zip code appears slower than national averages, maintaining its status as a predominantly white, low-diversity area despite the observed shifts.
Leisure Village East remains categorized as a Low Diversity, White Majority community, but shows signs of being a Transitional Community. The gradual increase in Hispanic and multiracial populations, coupled with overall positive economic trends, suggests a slow but steady move towards greater diversity. This transition, if continued, may eventually lead to a recategorization of the area's diversity status in the coming years, potentially shifting towards Moderate Diversity if current trends persist.
