ZIP Code 02540
ZIP / ZCTAPopulation: 8,354
ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes. Boundaries may differ slightly from postal delivery areas, and estimates for less-populated ZCTAs carry higher margins of error.
Data: U.S. Census Bureau, ACS 5-Year Estimates, 2023 (released December 2024).
Quick Facts — 02540
- What is the median household income in 02540?
- The median household income in 02540 is $88,266 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 02540?
- The poverty rate in 02540 is 7.6% (U.S. Census Bureau ACS 2023).
- What is the median home value in 02540?
- $756,300 (U.S. Census Bureau ACS 2023).
- What is the average rent in 02540?
- The median gross rent in 02540 is $1,328 per month (U.S. Census Bureau ACS 2023).
- What percentage of 02540 residents have a college degree?
- 58.7% of adults in 02540 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
8,354
Median Income
$88,266
Median Home Value
$756,300
Poverty Rate
7.6%
Unemployment (ACS 2023)
5.1%
Median Age
62.0 yrs
Since 2019
Median Income:
+$9,663 (+12.3%)
Home Value:
+$157,100 (+26.2%)
Poverty Rate:
+4.5 pp (+145.2%)
Bachelor's+:
+2.6 pp (+4.6%)
Unemployment:
+1.8 pp (+54.5%)
Demographics
Total Population
8,354
Median Age
62.0
Female
54.5%
Race & Ethnicity
Hispanic or Latino 4.5%
White (non-Hisp.) 84.3%
Black 1.1%
Asian 2.7%
Two or More 7.1%
Other 1.5%
Asian Subgroups (% of total pop.)
Chinese
1.4%
Japanese
0.5%
Indian
0.1%
Korean
0.1%
Hispanic Subgroups (% of total pop.)
Mexican
1.9%
Puerto Rican
1.1%
Cuban
0.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$88,266
±$4,652
Per Capita Income
$146,606
Median Family Income
$122,692
Poverty Rate
7.6%
Child Poverty Rate
18.4%
Working-Age Poverty Rate
—
SNAP Recipients
11.2%
Social Security Income
—
Retirement Income
37.9%
Household Income Distribution
< $10k
7.9%
$10–15k
6.5%
$15–25k
4.5%
$25–35k
5.7%
$35–50k
5.5%
$50–75k
13.7%
$75–100k
11.3%
$100–150k
14.1%
$150–200k
8.2%
$200k+
22.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
6,200
Owner-Occupied
65.7%
Renter-Occupied
34.3%
Vacancy Rate
33.7%
Median Home Value
$756,300
Median Gross Rent
$1,328
Owner Cost Burden (30%+)
19.3%
Renter Cost Burden (30%+)
48.6%
Home Value Distribution
< $50k
0.9%
$50–100k
1.6%
$100–200k
1.0%
$200–300k
1.8%
$300–500k
11.9%
$500k–$1M
58.4%
$1M+
24.3%
Gross Rent Distribution
< $500
16.4%
$500–1k
17.5%
$1–1.5k
23.6%
$1.5–2k
21.1%
$2–2.5k
9.8%
$2.5–3.5k
4.2%
$3.5k+
7.4%
Vehicle Availability
No vehicle
13.7%
1 vehicle
39.1%
2 vehicles
35.5%
3+
11.7%
Housing Type
Single-fam. det.
64.5%
Single-fam. att.
8.8%
2–4 units
2.5%
5–19 units
2.7%
20+ units
10.6%
Housing Age
Pre-1940
19.2%
1940–1969
3.2%
1970–1999
9.8%
2000–2009
10.4%
2010+
2.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
94.0%
Bachelor's or Higher
58.7%
Graduate Degree
31.2%
Some College / Associate
16.0%
Less Than High School
2.7%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
45.3%
Unemployment Rate
5.1%
Work from Home
22.5%
Self-Employed
10.5%
Government Workers
12.2%
Private For-Profit
77.1%
Industry
Prof. Services
24.3%
Edu/Health
23.3%
Arts/Entmt.
11.7%
Retail
7.5%
Manufacturing
7.2%
Finance
7.0%
Construction
5.6%
Public Admin
4.5%
Transportation
4.3%
Wholesale
1.4%
Information
1.0%
Occupation
Management
59.2%
Food Prep
14.9%
Sales
13.7%
Construction
7.1%
Production
5.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
18.2 min
Drove Alone
59.3%
Carpool
8.9%
Public Transit
2.2%
Work from Home
22.5%
Walked
3.6%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
4,113
Avg. Household Size
1.00
Avg. Family Size
—
Married-Couple Households
46.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
9.1%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
2.0%
5–9
3.6%
10–14
3.0%
15–19
4.6%
20–24
2.9%
25–34
8.8%
35–44
5.6%
45–54
8.0%
55–64
8.2%
65–74
10.1%
75–84
20.4%
85+
12.9%
Under 18: 11.5%
Working age (18–64): 88.5%
65 and over: 43.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
11.8%
Naturalized Citizen
33.0%
Speaks English Less Than Very Well
3.4%
Foreign-Born Origin
Europe
44.4%
Asia
18.3%
Latin America
17.2%
Africa
14.4%
Veterans & Disability
Veteran
10.3%
With a Disability
19.9%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.7%
Uninsured
1.3%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
91.1%
Has a Computer
95.8%
Same House 1 Year Ago
88.6%
Moved from Abroad
0.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023