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Demographics
Population
Median Income
Racial Distributions
Princeton, New Jersey, exhibits moderate racial diversity as of 2022, with a population of 30,450 and a median household income of $135,949. The white population represents 62%, while Asian and Black communities constitute 19% and 7% respectively.
Over the past decade, Princeton has transitioned from low diversity to moderate diversity. The white population decreased from 69% in 2013 to 62% in 2022, while Asian and Black populations increased. The Asian population grew from 15% to 19%, and the Black population rose from 5% to 7%.
The increasing diversity has coincided with changes in median household income. From 2013 to 2021, the median income increased from $150,660 to $167,296, an 11% rise. However, in 2022, it dropped to $135,949. The population grew by 6.4% from 28,613 in 2013 to 30,450 in 2022.
Princeton's demographic trends align with patterns observed in affluent suburban areas near major metropolitan centers. These areas often experience increasing diversity as they attract highly educated professionals from various backgrounds.
Based on current trends, Princeton is likely to continue its trajectory towards greater diversity. The city may transition into the high diversity category within the next 5-10 years if the Asian population continues to grow at its current rate and other minority groups see modest increases.
The sharp drop in median income in 2022 is significant and warrants monitoring. If this is an anomaly, incomes may rebound and continue their upward trend. However, if it represents a new economic reality, it could impact future demographic shifts.
Princeton appears to be evolving into a more diverse, affluent community. This evolution may reshape local politics, education systems, and community dynamics. The city's ability to maintain economic strength while fostering inclusivity will be crucial in determining its future character and appeal.