ZIP Code 40516
ZIP / ZCTAPopulation: 2,809
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 — 40516
- What is the median household income in 40516?
- The median household income in 40516 is $85,655 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 40516?
- The poverty rate in 40516 is 8.4% (U.S. Census Bureau ACS 2023).
- What is the median home value in 40516?
- $249,800 (U.S. Census Bureau ACS 2023).
- What is the average rent in 40516?
- The median gross rent in 40516 is $1,166 per month (U.S. Census Bureau ACS 2023).
- What percentage of 40516 residents have a college degree?
- 38.2% of adults in 40516 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
2,809
Median Income
$85,655
Median Home Value
$249,800
Poverty Rate
8.4%
Unemployment (ACS 2023)
1.6%
Median Age
37.0 yrs
Since 2019
Median Income:
+$16,671 (+24.2%)
Home Value:
+$82,600 (+49.4%)
Poverty Rate:
+1.9 pp (+29.2%)
Bachelor's+:
-0.1 pp (-0.3%)
Unemployment:
-5.9 pp (-78.7%)
Demographics
Total Population
2,809
Median Age
37.0
Female
47.3%
Race & Ethnicity
Hispanic or Latino 3.8%
White (non-Hisp.) 79.2%
Black 13.7%
Asian 0.7%
Two or More 3.7%
Other 1.8%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$85,655
±$11,443
Per Capita Income
$105,637
Median Family Income
$121,964
Poverty Rate
8.4%
Child Poverty Rate
18.0%
Working-Age Poverty Rate
—
SNAP Recipients
4.6%
Social Security Income
—
Retirement Income
26.7%
Household Income Distribution
< $10k
3.7%
$15–25k
10.1%
$25–35k
0.7%
$35–50k
8.8%
$50–75k
17.3%
$75–100k
17.6%
$100–150k
18.2%
$150–200k
13.3%
$200k+
10.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
1,131
Owner-Occupied
82.0%
Renter-Occupied
18.0%
Vacancy Rate
2.7%
Median Home Value
$249,800
Median Gross Rent
$1,166
Owner Cost Burden (30%+)
21.4%
Renter Cost Burden (30%+)
28.0%
Home Value Distribution
< $50k
5.2%
$50–100k
6.2%
$100–200k
5.2%
$200–300k
32.2%
$300–500k
10.5%
$500k–$1M
15.1%
$1M+
10.3%
Gross Rent Distribution
$500–1k
27.3%
$1–1.5k
59.0%
$1.5–2k
13.7%
Vehicle Availability
No vehicle
2.4%
1 vehicle
23.7%
2 vehicles
41.1%
3+
32.8%
Housing Type
Single-fam. det.
80.1%
Single-fam. att.
9.2%
2–4 units
4.7%
Mobile home
6.0%
Housing Age
Pre-1940
6.0%
1940–1969
0.8%
1970–1999
7.8%
2000–2009
19.2%
2010+
6.3%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
93.7%
Bachelor's or Higher
38.2%
Graduate Degree
13.4%
Some College / Associate
23.9%
Less Than High School
3.6%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
68.0%
Unemployment Rate
1.6%
Work from Home
13.4%
Self-Employed
6.4%
Government Workers
15.9%
Private For-Profit
77.6%
Industry
Edu/Health
31.0%
Manufacturing
12.2%
Prof. Services
11.5%
Public Admin
7.6%
Construction
7.1%
Transportation
6.7%
Retail
6.4%
Finance
5.1%
Arts/Entmt.
3.8%
Agriculture
3.2%
Wholesale
0.8%
Information
0.6%
Occupation
Management
50.5%
Sales
16.1%
Production
14.8%
Construction
10.0%
Food Prep
8.7%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
25.9 min
Drove Alone
77.1%
Carpool
3.6%
Public Transit
0.0%
Work from Home
13.4%
Walked
2.7%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
1,101
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
52.3%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
20.0%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
10.4%
5–9
9.5%
10–14
5.4%
15–19
3.4%
20–24
4.6%
25–34
11.9%
35–44
13.0%
45–54
7.7%
55–64
5.9%
65–74
9.3%
75–84
6.9%
85+
8.2%
Under 18: 27.3%
Working age (18–64): 72.7%
65 and over: 19.1%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
2.7%
Naturalized Citizen
41.6%
Speaks English Less Than Very Well
1.3%
Foreign-Born Origin
Latin America
70.1%
Asia
13.0%
Africa
13.0%
Europe
3.9%
Veterans & Disability
Veteran
4.6%
With a Disability
8.6%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
94.0%
Uninsured
6.0%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
90.1%
Has a Computer
91.3%
Same House 1 Year Ago
92.0%
Moved from Abroad
0.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023