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Demographic Analysis of Zip Code 08823: High Diversity and Racial Composition Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08823 in Franklin Park, New Jersey, is categorized as a "High Diversity" area as of 2022. No racial group exceeds 40% of the population, with Asian (39%), Black (25%), and White (20%) populations having significant representation over 10%. The median income in 2022 was $86,384, indicating a relatively affluent area despite fluctuations over the past decade.
Franklin Park has transitioned from a "Moderate Diversity" area to a "High Diversity" community over the past decade. In 2013, the area had a more balanced distribution among Asian (35%), White (30%), and Black (23%) populations. By 2022, the Asian population grew to 39%, the Black population remained relatively stable between 21-27%, and the White population decreased to 20%. The Hispanic population showed steady growth from 8% to 11%, and the population identifying as two or more races increased from 2% to 5%.
The median income in Franklin Park has fluctuated over the decade. From 2013 to 2019, there was a steady increase from $97,916 to $104,726. A significant drop occurred in 2020 to $87,296, followed by a brief recovery in 2021 to $95,135, and another decline in 2022 to $86,384. The initial rise in median income coincided with the growth of the Asian population, while the recent decline occurred alongside a decrease in the White population percentage and increases in Hispanic and multiracial populations.
The demographic shifts in Franklin Park align with broader national trends of increasing diversity, particularly in suburban areas. The growth of Asian and Hispanic populations is consistent with national patterns, as is the relative decline in the White population percentage. The economic fluctuations, particularly the sharp decline in 2020, likely reflect the nationwide economic challenges posed by the COVID-19 pandemic.
The high level of diversity in this zip code is notable and may reflect its proximity to urban centers or educational institutions, which often attract diverse populations. The combination of high diversity and relatively high median income suggests a community that may be navigating the complexities of rapid demographic change while maintaining economic opportunities.
This analysis reveals a dynamic community in transition, balancing increasing diversity with economic challenges and opportunities. The shifts observed in Franklin Park offer a microcosm of broader demographic and economic trends playing out across many parts of the United States.
