ZIP Code 98040
ZIP / ZCTAPopulation: 25,282
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 — 98040
- What is the median household income in 98040?
- The median household income in 98040 is $202,359 (U.S. Census Bureau ACS 5-Year Estimates, 2023).
- What is the poverty rate in 98040?
- The poverty rate in 98040 is 2.8% (U.S. Census Bureau ACS 2023).
- What is the median home value in 98040?
- $1,884,200 (U.S. Census Bureau ACS 2023).
- What is the average rent in 98040?
- The median gross rent in 98040 is $2,464 per month (U.S. Census Bureau ACS 2023).
- What percentage of 98040 residents have a college degree?
- 78.8% of adults in 98040 hold a bachelor's degree or higher (U.S. Census Bureau ACS 2023).
Population
25,282
Median Income
$202,359
Median Home Value
$1,884,200
Poverty Rate
2.8%
Unemployment (ACS 2023)
2.5%
Median Age
45.0 yrs
Since 2019
Median Income:
+$54,793 (+37.1%)
Home Value:
+$666,000 (+54.7%)
Poverty Rate:
-0.5 pp (-15.2%)
Bachelor's+:
+0.6 pp (+0.8%)
Unemployment:
-1.5 pp (-37.5%)
Demographics
Total Population
25,282
Median Age
45.0
Female
53.6%
Race & Ethnicity
Hispanic or Latino 2.3%
White (non-Hisp.) 65.3%
Black 1.4%
Asian 22.3%
Two or More 9.7%
Other 0.8%
Asian Subgroups (% of total pop.)
Chinese
10.7%
Indian
3.1%
Korean
2.7%
Japanese
2.4%
Vietnamese
0.8%
Filipino
0.6%
Hispanic Subgroups (% of total pop.)
Mexican
1.2%
Puerto Rican
0.2%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Income & Poverty
Median Household Income
$202,359
±$21,101
Per Capita Income
$289,593
Median Family Income
$250,001
Poverty Rate
2.8%
Child Poverty Rate
5.1%
Working-Age Poverty Rate
—
SNAP Recipients
1.6%
Social Security Income
—
Retirement Income
25.8%
Household Income Distribution
< $10k
2.5%
$10–15k
0.6%
$15–25k
3.0%
$25–35k
3.7%
$35–50k
5.0%
$50–75k
7.7%
$75–100k
5.7%
$100–150k
12.4%
$150–200k
8.7%
$200k+
50.6%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Housing
Total Housing Units
10,454
Owner-Occupied
66.0%
Renter-Occupied
34.0%
Vacancy Rate
5.4%
Median Home Value
$1,884,200
Median Gross Rent
$2,464
Owner Cost Burden (30%+)
18.6%
Renter Cost Burden (30%+)
39.1%
Home Value Distribution
< $50k
1.2%
$100–200k
0.9%
$200–300k
0.8%
$300–500k
3.5%
$500k–$1M
6.9%
$1M+
86.6%
Gross Rent Distribution
< $500
0.4%
$500–1k
0.6%
$1–1.5k
6.3%
$1.5–2k
15.3%
$2–2.5k
29.5%
$2.5–3.5k
13.4%
$3.5k+
34.4%
Vehicle Availability
No vehicle
6.1%
1 vehicle
28.6%
2 vehicles
43.2%
3+
22.1%
Housing Type
Single-fam. det.
65.6%
Single-fam. att.
0.4%
2–4 units
0.1%
5–19 units
4.7%
20+ units
24.2%
Mobile home
0.8%
Housing Age
Pre-1940
3.2%
1940–1969
8.0%
1970–1999
16.7%
2000–2009
12.8%
2010+
8.4%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Education
High School or Higher
98.1%
Bachelor's or Higher
78.8%
Graduate Degree
40.5%
Some College / Associate
8.4%
Less Than High School
1.5%
Enrolled in School
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Employment
Labor Force Participation
60.1%
Unemployment Rate
2.5%
Work from Home
35.7%
Self-Employed
8.7%
Government Workers
11.1%
Private For-Profit
80.0%
Industry
Prof. Services
27.2%
Edu/Health
21.6%
Finance
11.8%
Retail
9.5%
Arts/Entmt.
6.1%
Information
6.1%
Manufacturing
4.1%
Transportation
3.4%
Wholesale
2.1%
Construction
2.0%
Public Admin
2.0%
Occupation
Management
72.7%
Sales
18.4%
Food Prep
6.1%
Production
1.8%
Construction
1.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Commute
Median Travel Time
24.9 min
Drove Alone
51.6%
Carpool
4.6%
Public Transit
4.6%
Work from Home
35.7%
Walked
1.6%
Bicycle
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Households & Families
Total Households
9,893
Avg. Household Size
2.00
Avg. Family Size
—
Married-Couple Households
63.3%
Single-Mother Households
—
Single-Father Households
—
Living Alone
—
Households with Children
28.6%
Multigenerational
—
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Age Distribution
Under 5
3.9%
5–9
6.6%
10–14
7.1%
15–19
6.7%
20–24
3.8%
25–34
8.3%
35–44
12.1%
45–54
16.8%
55–64
6.6%
65–74
7.1%
75–84
9.9%
85+
6.9%
Under 18: 22.1%
Working age (18–64): 77.9%
65 and over: 21.0%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023
Social Characteristics
Immigration
Foreign Born
24.5%
Naturalized Citizen
58.9%
Speaks English Less Than Very Well
7.0%
Foreign-Born Origin
Asia
62.5%
Europe
19.7%
Latin America
8.4%
Africa
2.1%
Veterans & Disability
Veteran
4.6%
With a Disability
9.7%
Cognitive Difficulty
—
Ambulatory Difficulty
—
Health Insurance
Insured
98.4%
Uninsured
1.6%
Employer Insurance
—
Medicaid
—
Medicare
—
Technology & Mobility
Broadband Internet
96.1%
Has a Computer
97.6%
Same House 1 Year Ago
85.9%
Moved from Abroad
0.5%
Source: U.S. Census Bureau, ACS 5-Year Estimates, 2023