40403 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 40403, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

40403 is a zip code in Garrard County, Madison County, and Rockcastle County, Kentucky, which covers Paint Lick CCD, Berea CCD, Richmond CCD, and Conway, with a total population of 25,628 people.

We are using the latest American Community Survey (ACS) 5-Year survey data from the US Census Bureau, which is accurate up to 2021.

Table of Contents

Population

There is a lot of data that lets us see how many people live in the 40403 zip code. The most basic data is the total population, which is the total number of people living in 40403.

The estimated population of people living in 40403 is 25,628, with a median age of 37.

We can look back at data from previous years to see how the population in the 40403 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
25,628
+3.03%
+4.28%
2020
24,875
+2.59%
-
2019
24,248
 -0.35% -
2018
24,333
 -0.98% -
2017
24,575
 - -

Population of 40403 by Race and Ethnicity

How much has the race and ethnicity of the population in the 40403 zip code changed? The US Census Bureau gives us a few defined types that the population is broken down into.

Let's look at the total numbers and also the change over the last 5 years.

Race 2021 2017 Change
White
92.1%
93.1%
 -1.07%
Black/African American
1.7%
2.3%
 -26.09%
Native
0.2%
0.1%
 +100.00%
Hispanic
3.4%
2.3%
 +47.83%
Asian
0.2%
0.5%
 -60.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
2.2%
1.6%
 +37.50%
Other
0.1%
0.2%
 -50.00%

This data can be very important for anybody studying the 40403 zip for a number of reasons, including social and economic research, planning and development, and marketing to a multi-cultural population.

Note that the Native group includes both Native American and Alaskan Native people.

Population of 40403 by Age and Gender

We can also monitor the change of the age and gender in the 40403 zip code to track track trends in the population over time.

We can see how the population in 40403 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 37 -0.54% 36.3 -1.89% 37.3 0%
2020 37.2 +0.27% 37 +3.06% 37.3 -1.58%
2019 37.1 +1.37% 35.9 +1.99% 37.9 +0.26%
2018 36.6 +1.1% 35.2 +2.03% 37.8 +1.61%
2017 36.2 - 34.5 - 37.2 -

The median age of the 40403 zip gives you an idea of the age distribution, with half of the population being older than the median age and half being younger.

This can then be used to infer and compare against birth rates, parent ages, and more metrics to understand the population. For example, an increasing median age indicates an aging population in the 40403 area, which can be a sign of a declining population in terms of birth rates and workforce participation.

Age 2021 2017
(Years) Male Female Male Female
0 to 9 1,765 +2.56% 1,749 -10.16% 1,803 1,569
10 to 19 1,638 +16.11% 1,658 +10.22% 1,893 1,824
20 to 29 1,805 -7.19% 1,681 +1.38% 1,665 1,704
30 to 39 1,645 +2.82% 1,522 +17.99% 1,680 1,809
40 to 49 1,760 -9% 1,717 -16.51% 1,594 1,442
50 to 59 1,570 -0.34% 1,613 +3.74% 1,551 1,668
60 to 69 1,034 +51.34% 1,286 +16.94% 1,672 1,516
70+ 988 +3.72% 1,144 +6.8% 1,022 1,216

Median Household Income

The latest median household income for the 40403 zip code is $53,036.00.

In simple terms, the median income is the middle income of a group of people. Half of the people in the group make more than the median income, and half make less.

The median income is a good indicator of the overall income of a group of people, and can be used to compare against other metrics such as the average income, per capita income, and more.

Median Income by Age

We can also look at the median income by age to see how the median income varies by age, and how it compares to the overall median income for 40403.

  • Under 25
    $49,643.00
  • 25 to 44
    $62,054.00
  • 45 to 64
    $56,543.00
  • 65 and over
    $39,787.00

Average Household Income

Whenever we ask what is the average household income in the 40403 zip code, we are actually talking about the mean household income.

This is calculated by adding up all the incomes of all the households in 40403, and then dividing that number by the total number of households.

This is a good way to get a general idea of the average income of a group of people, but it can be skewed by a very high or very low incomes.

The average household income of 40403 is currently $68,145.00.

In terms of accurately summarizing income at a geographic level, the median income is a better metric than the average income because it isn't affected by a small number of very high or very low incomes.

If you had an area where the average income was greater than the median, it can mean that there is significant income inequality, with income being concentrated in a small number of wealthy households.

1.74% of households in 40403 are classed as high income households (making $200,000+ per year).

Household Income Tiers

The US Census Bureau divides households into income tiers based on the median income for the area. This is a good way to compare the income of 40403 against other zip codes.

  • Less than $24,999
    22.09%
  • $25,000 to $49,999
    24.64%
  • $50,000 to $74,999
    20.88%
  • $75,000 to $99,999
    13.46%
  • $100,000 to $149,999
    13.63%
  • $150,000 to $199,999
    3.57%
  • $200,000 or more
    1.74%

Per Capita Income

The per capita income in 40403 is $26,415.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 40403 by the total population of 40403.

This is different from the average or mean income because it includes and accounts for all people living in the 40403 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 40403 to see how many people have a high school degree, a bachelor's degree, or a graduate degree.

Educational attainment is a good indicator of the overall education level of a population, and can be used to compare against other metrics such as the average income, per capita income, and more to see how education levels affect income, unemployment rates, and more.

  • Master's degree or higher
    14.05%
  • Bachelor's degree
    28.96%
  • Some college or associate's degree
    10.76%
  • High school diploma or equivalent
    43.89%
  • Less than high school diploma
    2.34%

Employment

Employment rates are all based around the total population in 40403 that are over the age of 16.

Currently, the total population of the 40403 zip over the age of 16 is 20,076.

Of those people, a total of 58.90% are working or actively looking for work. This is called the labor force participation rate.

The participation rate is a useful market measure because it shows the relative amount of labor resources available to the economy.

The employment to total population rate in 40403 is 56.90%.

Employment by Age

We can look at the employment rates by age to see how it compares to the overall employment rate. Here's how that breaks down for the 40403 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,537 36.10% 3.10%
20 to 24 years 1,677 79.20% 7.10%
25 to 29 years 1,692 76.40% 2.40%
30 to 34 years 1,628 82.60% 7.80%
35 to 44 years 3,380 83.50% 1.20%
45 to 54 years 3,236 69.60% 2.80%
55 to 59 years 1,500 63.90% 2.10%
60 to 64 years 1,857 40.80% 0.10%
65 to 74 years 2,272 19.10% 0.00%
75 years and over 1,297 5.90% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 40403. The table below shows the rates for each of the ethnicity groups types defined by the US Census Bureau (which we mentioned earlier in this article).

Age Population Participation Unemployment Rate
White 18,852 58.30% 2.90%
Black or African American 377 52.30% 0.00%
American Indian and Alaska Native 85 85.90% 0.00%
Asian 64 51.60% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 221 83.30% 25.00%
Two or more races 477 71.90% 0.00%
Hispanic or Latino 597 71.70% 12.60%
Not Hispanic or Latino 18,649 58.30% 2.90%

Occupations

In this section we can look at the most common occupations for people living in the 40403 area as well as the gender breakdown and earnings of them.

The total population of civilian employees that are 16 years old or older in 40403 is 11,417, with median earnings of $32,576.00.

Women in 40403 are earning approximately 65.20% of the men's earnings.

Population Earnings
Total 11,417 $32,576.00
Male 5,925 $41,994.00
Female 5,492 $27,361.00

Occupations by Category

In the table below, we can break down the population and earnings for 40403 even further by occupation. The list of occupation categories below will show you how many people are employed in each category and the median earnings of each profession.

Occupation Employed Earnings
Management 1,254 $47,083.00
Business and Financial 429 $48,646.00
Computer and Mathematical 234 $46,324.00
Architecture and Engineering 135 $65,809.00
Life, Physical, and Social Science 35 $56,161.00
Community and Social Service 336 $46,087.00
Legal 68 $38,500.00
Educational and Library 625 $57,656.00
Arts, Design, Entertainment, Sports, and Media 216 $24,318.00
Healthcare Practitioners 707 $57,096.00
Healthcare Support 260 $29,167.00
Firefighters and Protective Service 103 $47,702.00
Law Enforcement 125 $50,603.00
Food Preparation and Serving 977 $14,145.00
Building and Grounds Cleaning 531 $22,384.00
Personal Care and Service 375 $17,450.00
Sales 791 $16,250.00
Office and Administrative Support 1,086 $26,338.00
Farming, Fishing, and Forestry 27 $0.00
Construction and Extraction 556 $30,643.00
Installation, Maintenance, and Repair 415 $43,899.00
Production 1,086 $46,444.00
Transportation and Material Moving 472 $41,071.00

Occupations by Gender

Now we can also look at the occupations by category for 40403 when it is broken down by male and female.

This lets us see how many male and females work in each occupation, the median earnings, and the male to female ratio of earnings for 40403.

That last metric is important because it can be used to look at the gender pay gap between men and women.

Occupation Male Female
Population Earnings Population Earnings
Management 703 $55,125.00 551 $45,163.00
Business and Financial 229 $59,539.00 200 $47,049.00
Computer and Mathematical 185 $46,875.00 49 $46,094.00
Architecture and Engineering 118 $67,059.00 17 $0.00
Life, Physical, and Social Science 21 $56,161.00 14 $0.00
Community and Social Service 55 $44,018.00 281 $46,386.00
Legal 7 $0.00 61 $38,694.00
Educational and Library 136 $73,833.00 489 $54,485.00
Arts, Design, Entertainment, Sports, and Media 103 $31,125.00 113 $23,295.00
Healthcare Practitioners 176 $54,537.00 531 $57,288.00
Healthcare Support 35 $36,458.00 225 $28,399.00
Firefighters and Protective Service 103 $47,702.00 0 $0.00
Law Enforcement 107 $51,004.00 18 $0.00
Food Preparation and Serving 372 $13,056.00 605 $15,198.00
Building and Grounds Cleaning 273 $20,016.00 258 $23,885.00
Personal Care and Service 40 $21,667.00 335 $17,117.00
Sales 421 $40,234.00 370 $12,833.00
Office and Administrative Support 288 $39,038.00 798 $25,808.00
Farming, Fishing, and Forestry 27 $0.00 0 $0.00
Construction and Extraction 556 $30,643.00 0 $0.00
Installation, Maintenance, and Repair 398 $43,582.00 17 $0.00
Production 773 $51,834.00 313 $23,576.00
Transportation and Material Moving 393 $45,694.00 79 $16,146.00

Households and Family Size

A household is defined by the US Census Bureau as a group of people who occupy a housing unit. A housing unit is a house, apartment, mobile home, group of rooms, or single room occupied as separate living quarters.

There are currently 9,795 households in 40403, with an average household size of 2.58 people.

A family is defined as a group of two or more people related by birth, marriage, or adoption who live together in the same household.

There are 6,990 families living in the 40403 zip code with an average family size of 2.96 people.

Households by Marital Status

The four categories of household by marital status are:

  • Married-couple family
  • Male householder with no spouse present
  • Female household with no spouse present
  • Nonfamily household

The table below shows the total number of households and families, with the average sizes of each, that live in 40403:

Married Male Female Nonfamily
Total Households 5,080 350 1,560 2,805
Average Household Size 3.18 3.53 2.6 1.35
Total Families 5,080 350 1,560 0
Average Household Size 3.15 2.9 2.36 0

Poverty

Of the 6,990 families living in 40403, 14.90% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 40403:

Household Size Poverty Threshold
1 Person $14,580.00
2 People $19,720.00
3 People $24,860.00
4 People $30,000.00
5 People $35,140.00
6 People $40,280.00
7 People $45,420.00
8 People $50,560.00

Housing

There are 10,795 housing units in 40403.

The table below shows the split between occupied and vacant units:

Total Percentage
Occupied 9,795 90.74%
Vacant 1,000 9.26%

25.49% of the total 10,795 housing units in 40403 are rental units. This is approximately 2,752 properties.

For owner-occupied housing units, a total of 6,611 are occupied by the owner - or 61.24% of the total.

Rental Rates

The median rent for a property in 40403 is $743.00.

In the chart below, we can look at the number of rental properties in 40403 that fall into a particular rent range. These can then be used to compare with other areas, or to see how they have changed over time.

  • No rent paid
    432
  • Less than $500
    199
  • $500 to $999
    2,210
  • $1,000 to $1,499
    286
  • $1,500 to $1,999
    49
  • $2,000 to $2,499
    8
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 40403 is $149,200.00.

Just like with rental rates, we can look at the number of properties in 40403 that fall into a particular value range.

  • Less than $50,000
    410
  • $50,000 to $99,999
    1,210
  • $100,000 to $149,999
    1,713
  • $150,000 to $199,999
    1,589
  • $200,000 to $299,999
    1,146
  • $300,000 to $499,999
    506
  • $500,000 to $999,999
    37
  • $1,000,000 or more
    0

Property Age

We can also look at the age of properties in 40403. The chart below shows the number of properties in 40403 that fall into a particular age range.

  • 1939 or earlier
    468
  • 1940 to 1949
    485
  • 1950 to 1959
    338
  • 1960 to 1969
    905
  • 1970 to 1979
    1,370
  • 1980 to 1989
    1,502
  • 1990 to 1999
    2,435
  • 2000 to 2009
    2,190
  • 2010 to 2013
    1,064
  • 2014 or later
    38

Vehicles per Household

The number of vehicles available per household can be a good indicator of the level of affluence in an area. The chart below shows the number of households in 40403 that have a particular number of vehicles available.

  • No vehicles available
    373
  • 1 vehicle available
    3,155
  • 2 vehicles available
    3,780
  • 3 or more vehicles available
    2,487

Commuting to Work

In this section, we can also look at how people in 40403 get to work. The chart below shows the number of people in 40403 that commute to work in a particular way.

25 minutes is the average travel time to work for people in 40403.

These commute times can be compared to other date like income and educational levels to see how they relate to each other and if there are any trends in the data that might suggest a correlation.

  • Less than 5 minutes
    388
  • 5 to 9 minutes
    1,502
  • 10 to 14 minutes
    2,176
  • 15 to 19 minutes
    1,687
  • 20 to 24 minutes
    1,259
  • 25 to 29 minutes
    309
  • 30 to 34 minutes
    831
  • 35 to 39 minutes
    106
  • 40 to 44 minutes
    255
  • 45 to 59 minutes
    911
  • 60 to 89 minutes
    706
  • 90 or more minutes
    310

Summary

We've covered a LOT of demographic and population data for 40403 in this article! Hopefully you have found it very useful in your research of the area.

If you use any of the data found on this page, please consider linking back to USPopulation.org as the source and if you have any feedback or data requests, click here to contact us.

States in 40403

If you want to see how the population and demographics of 40403 compare to other zip codes in Kentucky, check out the list of all Kentucky zip codes below: