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Demographics
Population
Median Income
Racial Distributions
Zip code 07034 in Lake Hiawatha, New Jersey, has transitioned from a White Majority to a Majority-Minority community between 2013 and 2022. As of 2022, the white population comprises 49% of the area, while Asian residents constitute 32%. The area has experienced significant demographic shifts over the past decade, accompanied by fluctuations in median income and population.
The white population in the area has declined from 59% in 2013 to 49% in 2022, crossing below the 50% threshold around 2020-2021. Concurrently, the Asian population has grown from 25% in 2013 to 32% in 2022. The Hispanic population has increased from 7% to 10%, and those identifying as two or more races have risen from 1% to 6% during this period. These changes indicate a trend towards increased diversity.
The median income in the area has shown volatility, rising from $89,839 in 2013 to a peak of $102,439 in 2021, before decreasing to $89,657 in 2022. The population has remained relatively stable, decreasing from 9,713 in 2013 to 8,953 in 2018, then increasing to 9,855 in 2022.
The demographic shifts in zip code 07034 align with broader national trends of increasing diversity in suburban areas. The growth of the Asian population reflects a pattern observed in many parts of the Northeast and West Coast. Despite recent fluctuations, the area's median income remains above the national average, indicating an economically prosperous community.
The transition to a Majority-Minority community while maintaining a relatively high median income suggests that this area may be experiencing what some researchers term "ethnoburbs" - diverse, middle-class suburban areas with significant minority populations. This shift reflects broader national trends of suburban diversification and the formation of prosperous, multicultural communities.
As zip code 07034 continues to transition, it may encounter both opportunities and challenges in maintaining community cohesion and adapting local services and institutions to meet the needs of an increasingly diverse population.