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Demographic Analysis of Zip Code 08724: White Majority with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08724 in Allenwood, New Jersey, is classified as a "White Majority" area with low diversity as of 2022. The white population comprises 81% of the total, with a median household income of $81,647. This community has undergone minor demographic changes and economic fluctuations in the past decade.
From 2013 to 2022, the area has maintained its "White Majority" status, with a gradual decrease in the white population from 88% to 81%. This change indicates a slow trend towards increased diversity, though still within the "Low Diversity" category. The Hispanic population has shown the most significant growth, increasing from 7% to 9% over this period. The Black and Asian populations have also experienced modest increases, doubling from 2% to 4% and 1% to 2%, respectively.
The emergence of the "Two or More Races" category (growing from 0% to 2%) and the "Other" category (reaching 2% by 2022) suggests a gradual transition towards a more diverse community. These changes indicate the area is slowly moving towards becoming a "Transitional Community," although it does not yet qualify as such under defined terms.
The median household income has increased overall, rising from $75,722 in 2013 to $81,647 in 2022, representing a 7.8% increase. This growth has not been linear. The area experienced peak median income in 2021 at $86,650, followed by a significant drop in 2022. This fluctuation may be related to broader economic factors such as the COVID-19 pandemic and its aftermath.
As the community has become slightly more diverse, the median income has generally trended upward, suggesting that increased diversity has not negatively impacted economic prosperity in the area. However, the population has decreased from 42,573 in 2013 to 40,373 in 2022, a 5.2% decline. This population decrease, combined with increasing diversity and rising median income, may indicate changing neighborhood dynamics, possibly related to generational turnover or shifts in local industries.
The trends observed in Allenwood align with broader patterns seen in many suburban areas across the United States. The gradual increase in diversity, particularly growth in Hispanic and multiracial populations, reflects national demographic shifts. The overall increase in median income, despite recent fluctuations, is also consistent with general economic trends in many suburban areas, especially those near major metropolitan regions.
The population decrease is somewhat atypical for a suburban area with rising incomes. This could suggest that Allenwood is experiencing unique local factors influencing its demographic composition, such as an aging population, changes in housing availability, or shifts in local employment opportunities.
Allenwood remains a predominantly white, low-diversity area, but shows signs of gradual demographic change. The community appears to be in the early stages of a transition towards greater diversity, accompanied by overall economic growth. These trends, if continued, may lead to more significant shifts in the community's character and socio-economic landscape in the coming years.
