ZIP Code 05040

ZIP / ZCTA

Population: 568

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 — 05040

What is the median household income in 05040?: The median household income in 05040 is $92,981 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
What is the poverty rate in 05040?: The poverty rate in 05040 is 5.0% (U.S. Census Bureau ACS 2023).
What is the median home value in 05040?: $210,000 (U.S. Census Bureau ACS 2023).
What is the average rent in 05040?: The median gross rent in 05040 is $1,362 per month (U.S. Census Bureau ACS 2023).
What percentage of 05040 residents have a college degree?: 27.1% of adults in 05040 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).

Population

568

Median Income

$92,981

Median Home Value

$210,000

Poverty Rate

5.0%

Unemployment (ACS 2023)

0.6%

Median Age

58.0 yrs

Since 2019 Median Income: +$16,481 (+21.5%) Home Value: +$48,700 (+30.2%) Poverty Rate: +2.7 pp (+117.4%) Bachelor's+: -0.1 pp (-0.4%) Unemployment: -5.8 pp (-90.6%)

Demographics

Total Population 568

Median Age 58.0

Female 47.4%

Race & Ethnicity

White (non-Hisp.) 92.6% Black 7.4%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Income & Poverty

Median Household Income $92,981 ±$26,730

Per Capita Income $99,007

Median Family Income $87,734

Poverty Rate 5.0%

Child Poverty Rate 0.0%

Working-Age Poverty Rate —

SNAP Recipients 4.8%

Social Security Income —

Retirement Income 29.4%

Household Income Distribution

$15–25k

9.3%

$25–35k

7.8%

$35–50k

13.4%

$50–75k

7.1%

$75–100k

17.8%

$100–150k

28.6%

$150–200k

16.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Housing

Total Housing Units 306

Owner-Occupied 84.0%

Renter-Occupied 16.0%

Vacancy Rate 12.1%

Median Home Value $210,000

Median Gross Rent $1,362

Owner Cost Burden (30%+) 22.3%

Renter Cost Burden (30%+) 0.0%

Home Value Distribution

$50–100k

6.6%

$100–200k

18.1%

$200–300k

26.5%

$300–500k

21.2%

$500k–$1M

3.5%

Gross Rent Distribution

$500–1k

17.9%

$1–1.5k

71.8%

$1.5–2k

10.3%

Vehicle Availability

1 vehicle

32.3%

2 vehicles

44.2%

23.4%

Housing Type

Single-fam. det.

95.4%

20+ units

1.0%

Mobile home

3.6%

Housing Age

Pre-1940

41.5%

1940–1969

1.0%

1970–1999

13.4%

2000–2009

16.3%

2010+

3.6%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Education

High School or Higher 96.7%

Bachelor's or Higher 27.1%

Graduate Degree 8.8%

Some College / Associate 25.2%

Less Than High School 0.8%

Enrolled in School —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Employment

Labor Force Participation 67.7%

Unemployment Rate 0.6%

Work from Home 29.8%

Self-Employed 19.5%

Government Workers 2.7%

Private For-Profit 77.8%

Industry

Construction

25.7%

Retail

24.6%

Edu/Health

15.0%

Information

8.4%

Prof. Services

6.6%

Manufacturing

4.8%

Transportation

2.1%

Agriculture

1.8%

Occupation

Management

42.8%

Sales

24.6%

Construction

17.4%

Food Prep

11.4%

Production

3.9%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Commute

Median Travel Time 40.8 min

Drove Alone 50.8%

Carpool 8.7%

Public Transit 0.0%

Work from Home 29.8%

Walked 10.7%

Bicycle —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Households & Families

Total Households 269

Avg. Household Size 2.00

Avg. Family Size —

Married-Couple Households 53.2%

Single-Mother Households —

Single-Father Households —

Living Alone —

Households with Children 9.7%

Multigenerational —

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Age Distribution

Under 5

3.5%

5–9

3.7%

10–14

4.4%

15–19

3.9%

25–34

9.0%

35–44

13.6%

45–54

6.2%

55–64

6.7%

65–74

7.0%

75–84

28.2%

85+

10.9%

Under 18: 15.5% Working age (18–64): 84.5% 65 and over: 42.1%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

Social Characteristics

Immigration

Foreign Born 0.0%

Naturalized Citizen —

Speaks English Less Than Very Well 0.0%

Veterans & Disability

Veteran 8.3%

With a Disability 18.5%

Cognitive Difficulty —

Ambulatory Difficulty —

Health Insurance

Insured 94.4%

Uninsured 5.6%

Employer Insurance —

Medicaid —

Medicare —

Technology & Mobility

Broadband Internet 88.5%

Has a Computer 100.0%

Same House 1 Year Ago 92.3%

Moved from Abroad 0.0%

Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023

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