As of the census of 2000, there were 7,774 people, 2,335 households, and 1,272 families residing in the borough. The population density was 3,811.4 people per square mile (1,471.4/km²). There were 2,469 housing units at an average density of 1,210.5/sq mi (467.3/km²). The racial makeup of the borough was 92.45% White, 4.31% African American, 0.06% Native American, 1.12% Asian, 0.08% Pacific Islander, 0.98% from other races, and 1.00% from two or more races. Hispanic or Latino of any race were 2.55% of the population.
There were 2,335 households out of which 19.4% had children under the age of 18 living with them, 45.4% were married couples living together, 6.6% had a female householder with no husband present, and 45.5% were non-families. 29.7% of all households were made up of individuals and 14.5% had someone living alone who was 65 years of age or older. The average household size was 2.27 and the average family size was 2.74.
In the borough the population was spread out with 10.9% under the age of 18, 45.0% from 18 to 24, 15.4% from 25 to 44, 13.9% from 45 to 64, and 14.9% who were 65 years of age or older. The median age was 22 years. For every 100 females there were 83.7 males. For every 100 females age 18 and over, there were 82.1 males.
The median income for a household in the borough was $38,425, and the median income for a family was $53,110. Males had a median income of $36,327 versus $25,636 for females. The per capita income for the borough was $15,773. About 3.7% of families and 16.4% of the population were below the poverty line, including 10.2% of those under age 18 and 6.8% of those age 65 or over.