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Demographic Evolution of Zip Code 07843: White Majority with Increasing Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
DATA SOURCE
United States Census Bureau: American Community Survey Data (ACS)
Zip code 07843, representing Hopatcong in New Jersey, is classified as a "White Majority" community with moderate diversity as of 2022. The area has a median income of $97,811, which is above the national average, indicating an affluent suburb.
The racial composition of the community has shown changes from 2013 to 2022. The white population decreased from 82% to 74%, while the Hispanic population increased from 12% to 17%. Asian and Black populations each showed slight increases from 2% to 3%. These changes indicate a trend towards increased diversity, with the area transitioning towards "Moderate Diversity" status.
Economic trends in the area show that the median income has risen from $93,255 in 2013 to $97,811 in 2022, representing a 4.9% increase over the decade. However, the population has experienced a gradual decline, decreasing from 11,556 in 2013 to 11,038 in 2022, a 4.5% decrease.
The correlation between demographic and economic trends suggests that despite the slight population decrease, the area has maintained its economic strength, as evidenced by the rising median income. The increasing diversity, particularly the growth in the Hispanic population, coincides with the overall income growth, potentially indicating that the area is attracting diverse, affluent families.
The median income in Hopatcong ($97,811 in 2022) is higher than the national median household income (around $70,784 in 2021), confirming its status as an affluent suburb. The gradual population decline contrasts with suburban growth trends seen in many parts of the country post-2020.
In conclusion, Hopatcong represents a "Transitional Community" that is maintaining its economic strength while gradually becoming more diverse. The area appears to be successfully navigating demographic changes while preserving its affluent status, potentially making it an attractive destination for diverse, high-income households seeking suburban living.
