ZIP Code 40503
ZIP / ZCTAPopulation: 27,825
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 — 40503
- What is the median household income in 40503?
- The median household income in 40503 is $74,161 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 40503?
- The poverty rate in 40503 is 5.5% (U.S. Census Bureau ACS 2023).
- What is the median home value in 40503?
- $280,000 (U.S. Census Bureau ACS 2023).
- What is the average rent in 40503?
- The median gross rent in 40503 is $1,110 per month (U.S. Census Bureau ACS 2023).
- What percentage of 40503 residents have a college degree?
- 56.7% of adults in 40503 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
27,825
Median Income
$74,161
Median Home Value
$280,000
Poverty Rate
5.5%
Unemployment (ACS 2023)
4.0%
Median Age
37.0 yrs
Since 2019
Median Income:
+$9,798 (+15.2%)
Home Value:
+$86,200 (+44.5%)
Poverty Rate:
+0.9 pp (+19.6%)
Bachelor's+:
+2.2 pp (+4%)
Unemployment:
-0.4 pp (-9.1%)
Demographics
Total Population
27,825
Median Age
37.0
Female
52.5%
Race & Ethnicity
Hispanic or Latino 6.8%
White (non-Hisp.) 80.6%
Black 2.7%
Asian 6.0%
Two or More 6.6%
Other 2.6%
Asian Subgroups (% of total pop.)
Indian
1.9%
Chinese
1.5%
Japanese
0.5%
Korean
0.3%
Filipino
0.2%
Vietnamese
0.2%
Hispanic Subgroups (% of total pop.)
Mexican
4.0%
Cuban
0.7%
Puerto Rican
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$74,161
±$3,968
Per Capita Income
$97,073
Median Family Income
$109,692
Poverty Rate
5.5%
Child Poverty Rate
7.5%
Working-Age Poverty Rate
—
SNAP Recipients
3.2%
Social Security Income
—
Retirement Income
25.2%
Household Income Distribution
< $10k
5.8%
$10–15k
2.6%
$15–25k
5.3%
$25–35k
7.0%
$35–50k
9.9%
$50–75k
20.1%
$75–100k
10.9%
$100–150k
18.6%
$150–200k
9.1%
$200k+
10.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
13,437
Owner-Occupied
61.6%
Renter-Occupied
38.4%
Vacancy Rate
6.3%
Median Home Value
$280,000
Median Gross Rent
$1,110
Owner Cost Burden (30%+)
13.4%
Renter Cost Burden (30%+)
35.9%
Home Value Distribution
< $50k
1.4%
$50–100k
1.2%
$100–200k
3.1%
$200–300k
43.7%
$300–500k
34.3%
$500k–$1M
6.6%
$1M+
0.7%
Gross Rent Distribution
< $500
1.4%
$500–1k
38.3%
$1–1.5k
35.2%
$1.5–2k
20.7%
$2–2.5k
3.8%
$2.5–3.5k
0.5%
$3.5k+
0.2%
Vehicle Availability
No vehicle
5.0%
1 vehicle
36.9%
2 vehicles
38.5%
3+
19.6%
Housing Type
Single-fam. det.
67.9%
Single-fam. att.
4.8%
2–4 units
2.8%
5–19 units
3.8%
20+ units
8.1%
Mobile home
0.2%
Housing Age
Pre-1940
5.6%
1940–1969
4.2%
1970–1999
15.0%
2000–2009
8.6%
2010+
2.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
96.4%
Bachelor's or Higher
56.7%
Graduate Degree
27.9%
Some College / Associate
16.5%
Less Than High School
1.6%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
67.8%
Unemployment Rate
4.0%
Work from Home
13.4%
Self-Employed
5.0%
Government Workers
19.6%
Private For-Profit
75.3%
Industry
Edu/Health
35.2%
Prof. Services
14.0%
Retail
9.6%
Arts/Entmt.
7.6%
Manufacturing
7.5%
Transportation
4.7%
Finance
4.4%
Public Admin
4.1%
Construction
3.7%
Wholesale
2.6%
Information
1.3%
Agriculture
0.4%
Occupation
Management
54.3%
Sales
17.3%
Food Prep
14.8%
Production
9.0%
Construction
4.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
18.8 min
Drove Alone
72.4%
Carpool
7.6%
Public Transit
2.8%
Work from Home
13.4%
Walked
2.5%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
12,587
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
44.6%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
17.4%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
5.6%
5–9
5.3%
10–14
4.5%
15–19
5.1%
20–24
10.8%
25–34
15.1%
35–44
13.1%
45–54
11.7%
55–64
5.6%
65–74
5.8%
75–84
10.5%
85+
5.2%
Under 18: 18.6%
Working age (18–64): 81.4%
65 and over: 17.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
11.0%
Naturalized Citizen
38.8%
Speaks English Less Than Very Well
4.7%
Foreign-Born Origin
Asia
55.8%
Latin America
22.5%
Europe
10.7%
Africa
8.8%
Veterans & Disability
Veteran
4.7%
With a Disability
13.2%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
95.4%
Uninsured
4.6%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
94.2%
Has a Computer
97.7%
Same House 1 Year Ago
81.9%
Moved from Abroad
0.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023