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Demographic Evolution of Zip Code 08850: White Majority with Emerging Diversity
CATEGORY
Demographics
DATA
Population
Median Income
Racial Distributions
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Demographics
Population
Median Income
Racial Distributions
Zip code 08850 in Milltown, New Jersey, is categorized as a "White Majority" community with "Low Diversity" as of 2022. The area has a population of 8,149 and a median income of $114,513. This indicates a relatively affluent suburban setting.
Throughout the period from 2013 to 2022, Milltown has maintained its status as a "White Majority" community. The white population has decreased from 85% in 2013 to 80% in 2022. The Hispanic population has increased from 3% in 2013 to 11% in 2022. The Asian population has remained relatively stable, increasing from 5% in 2013 to 6% in 2022. A "two or more races" category emerged in later years, reaching 3% by 2022.
These changes suggest a slow trend towards increased diversity, potentially moving towards a "Transitional Community" in the coming years if these trends continue. The median income in Milltown has shown fluctuations but an overall upward trend. In 2013, the median income was $107,515. It peaked in 2021 at $121,137 and stands at $114,513 as of 2022.
This suggests a generally prosperous community with some economic resilience. The slight increase in diversity has not negatively impacted the overall economic status of the area, which remains well above national averages. Population trends show minimal fluctuation, with a slight increase from 8,144 in 2013 to 8,149 in 2022, indicating a stable community with consistent appeal.
Milltown's demographic trends align with broader national patterns of slowly increasing diversity in suburban areas. The high median income and stable population suggest that this community has remained attractive to residents. The gradual increase in Hispanic and multi-racial populations mirrors national trends of growing diversity, particularly in suburban areas near major metropolitan centers.
In conclusion, while Milltown remains a "White Majority" community with "Low Diversity," subtle demographic shifts are occurring. These changes, coupled with a high and generally increasing median income, suggest a gradual evolution towards a more diverse community while maintaining its economic prosperity. If current trends continue, this area might transition to a "Moderate Diversity" classification in the coming decade, potentially bringing new cultural influences and economic opportunities to the community.
