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Demographic Analysis of Zip Code 08848: A Study of Racial Composition and Economic Trends
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
The zip code 08848 in Milford, New Jersey, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The population is 93% white, with minimal representation from other racial groups. The median income for the area in 2022 was $113,773.
This zip code has maintained its status as a "Low Diversity" area with a "White Majority" over the past decade. From 2013 to 2020, the white population percentage remained between 94% and 98%. Recent years have shown a slight increase in diversity, with the white population decreasing to 93% in 2022, while the black population increased to 3% and those identifying as two or more races increased to 2%.
The median income in this zip code has fluctuated over the past decade. From 2013 to 2019, it ranged from about $107,000 to $111,000. There was a notable increase in 2020 and 2021, reaching $134,768, before decreasing to $113,773 in 2022. These economic trends do not strongly correlate with the minor demographic shifts observed.
Population trends indicate a slight overall decrease from 7,518 in 2013 to 7,781 in 2022, with some fluctuations. This stability suggests that minor demographic shifts are likely due to gradual changes within the existing community rather than significant influxes of new residents.
The zip code's racial composition has remained relatively unchanged, despite national trends showing increasing diversity in many areas. The slight increase in diversity in recent years might reflect broader national trends towards increased racial mixing and recognition of multiracial identities, but at a much slower pace than many other areas.
The median income in this zip code is significantly higher than the national median household income, which was about $70,784 in 2021. This suggests that Milford remains an affluent area, potentially insulated from some of the economic pressures that might drive more rapid demographic changes in other areas.
In conclusion, the zip code 08848 in Milford, New Jersey, remains a predominantly white, affluent area with high economic stability. The community has shown resilience to major demographic shifts over the past decade, maintaining its character as a "Low Diversity" area with a strong "White Majority."
