40505 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 40505, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

40505 is a zip code in Fayette County, Kentucky, which covers Lexington-Fayette Central CCD, Lexington-Fayette Northeast CCD, and Lexington-Fayette Northwest, with a total population of 26,081 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 40505 zip code. The most basic data is the total population, which is the total number of people living in 40505.

The estimated population of people living in 40505 is 26,081, with a median age of 40.6.

We can look back at data from previous years to see how the population in the 40505 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
26,081
 -1.2% +1.29%
2020
26,399
+0.94%
-
2019
26,152
+2.86%
-
2018
25,426
 -1.26% -
2017
25,750
 - -

Population of 40505 by Race and Ethnicity

How much has the race and ethnicity of the population in the 40505 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
67.8%
66.8%
 +1.50%
Black/African American
18.8%
21.2%
 -11.32%
Native
0.1%
0.5%
 -80.00%
Hispanic
9.1%
7.9%
 +15.19%
Asian
0.8%
0.4%
 +100.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
3.1%
3.2%
 -3.13%
Other
0.3%
0.1%
 +200.00%

This data can be very important for anybody studying the 40505 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 40505 by Age and Gender

We can also monitor the change of the age and gender in the 40505 zip code to track track trends in the population over time.

We can see how the population in 40505 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 40.6 +0.25% 39.2 +1.82% 43.7 -0.68%
2020 40.5 +2.27% 38.5 +0.52% 44 +3.77%
2019 39.6 -3.41% 38.3 -3.28% 42.4 -1.4%
2018 41 +0.49% 39.6 +0.25% 43 +0.94%
2017 40.8 - 39.5 - 42.6 -

The median age of the 40505 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 40505 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 1,612 -2.46% 1,509 -14.31% 1,564 1,299
10 to 19 1,482 +7.52% 1,215 +15.7% 1,596 1,408
20 to 29 1,560 +23.25% 1,722 -6.85% 1,923 1,567
30 to 39 1,813 -2.04% 1,836 -8.22% 1,763 1,679
40 to 49 1,671 +2.74% 1,681 -13.51% 1,704 1,460
50 to 59 2,017 +6.31% 1,866 +15.63% 2,147 2,168
60 to 69 1,384 +14.97% 1,595 -8.07% 1,577 1,459
70+ 1,151 -4.59% 1,636 +2.8% 1,093 1,674

Median Household Income

The latest median household income for the 40505 zip code is $48,784.00.

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 40505.

  • Under 25
    $30,125.00
  • 25 to 44
    $55,911.00
  • 45 to 64
    $53,033.00
  • 65 and over
    $40,224.00

Average Household Income

Whenever we ask what is the average household income in the 40505 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 40505, 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 40505 is currently $61,198.00.

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.

1.63% of households in 40505 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 40505 against other zip codes.

  • Less than $24,999
    26.68%
  • $25,000 to $49,999
    24.45%
  • $50,000 to $74,999
    17.68%
  • $75,000 to $99,999
    14.02%
  • $100,000 to $149,999
    13.13%
  • $150,000 to $199,999
    2.41%
  • $200,000 or more
    1.63%

Per Capita Income

The per capita income in 40505 is $26,154.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 40505 by the total population of 40505.

This is different from the average or mean income because it includes and accounts for all people living in the 40505 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 40505 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
    9.74%
  • Bachelor's degree
    23.72%
  • Some college or associate's degree
    13.79%
  • High school diploma or equivalent
    48.66%
  • Less than high school diploma
    4.09%

Employment

Employment rates are all based around the total population in 40505 that are over the age of 16.

Currently, the total population of the 40505 zip over the age of 16 is 21,286.

Of those people, a total of 62.80% 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 40505 is 59.10%.

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 40505 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,072 33.30% 9.00%
20 to 24 years 1,864 71.00% 10.00%
25 to 29 years 1,626 83.10% 6.50%
30 to 34 years 1,599 88.70% 5.60%
35 to 44 years 3,622 84.60% 4.90%
45 to 54 years 3,405 69.70% 8.20%
55 to 59 years 2,295 77.50% 3.50%
60 to 64 years 1,658 48.30% 4.90%
65 to 74 years 2,469 25.60% 0.00%
75 years and over 1,676 16.30% 4.40%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 40505. 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 15,708 61.60% 5.70%
Black or African American 4,107 67.20% 5.90%
American Indian and Alaska Native 58 69.00% 2.50%
Asian 219 10.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 362 94.80% 3.20%
Two or more races 832 64.70% 11.50%
Hispanic or Latino 1,527 68.70% 5.10%
Not Hispanic or Latino 14,821 61.40% 5.60%

Occupations

In this section we can look at the most common occupations for people living in the 40505 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 40505 is 12,579, with median earnings of $31,342.00.

Women in 40505 are earning approximately 77.20% of the men's earnings.

Population Earnings
Total 12,579 $31,342.00
Male 7,085 $36,412.00
Female 5,494 $28,116.00

Occupations by Category

In the table below, we can break down the population and earnings for 40505 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 1,118 $49,063.00
Business and Financial 458 $38,601.00
Computer and Mathematical 109 $44,280.00
Architecture and Engineering 128 $71,071.00
Life, Physical, and Social Science 89 $53,528.00
Community and Social Service 189 $43,906.00
Legal 100 $75,500.00
Educational and Library 512 $45,058.00
Arts, Design, Entertainment, Sports, and Media 293 $33,750.00
Healthcare Practitioners 576 $55,156.00
Healthcare Support 336 $30,250.00
Firefighters and Protective Service 116 $23,929.00
Law Enforcement 5 $0.00
Food Preparation and Serving 841 $14,004.00
Building and Grounds Cleaning 761 $21,543.00
Personal Care and Service 864 $20,349.00
Sales 1,295 $26,054.00
Office and Administrative Support 1,676 $28,933.00
Farming, Fishing, and Forestry 70 $33,393.00
Construction and Extraction 563 $31,979.00
Installation, Maintenance, and Repair 408 $50,461.00
Production 783 $43,736.00
Transportation and Material Moving 709 $30,208.00

Occupations by Gender

Now we can also look at the occupations by category for 40505 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 40505.

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 796 $55,833.00 322 $45,472.00
Business and Financial 126 $54,300.00 332 $37,798.00
Computer and Mathematical 93 $43,902.00 16 $0.00
Architecture and Engineering 100 $72,321.00 28 $61,842.00
Life, Physical, and Social Science 21 $0.00 68 $53,519.00
Community and Social Service 95 $43,031.00 94 $62,813.00
Legal 57 $93,173.00 43 $44,375.00
Educational and Library 209 $44,950.00 303 $45,179.00
Arts, Design, Entertainment, Sports, and Media 243 $21,354.00 50 $50,469.00
Healthcare Practitioners 160 $77,632.00 416 $50,930.00
Healthcare Support 9 $0.00 327 $30,625.00
Firefighters and Protective Service 69 $47,731.00 47 $18,490.00
Law Enforcement 5 $0.00 0 $0.00
Food Preparation and Serving 448 $15,287.00 393 $10,774.00
Building and Grounds Cleaning 414 $37,857.00 347 $17,784.00
Personal Care and Service 194 $10,297.00 670 $21,599.00
Sales 722 $35,147.00 573 $22,933.00
Office and Administrative Support 553 $26,023.00 1,123 $29,115.00
Farming, Fishing, and Forestry 42 $33,214.00 28 $35,250.00
Construction and Extraction 559 $31,563.00 4 $0.00
Installation, Maintenance, and Repair 408 $50,461.00 0 $0.00
Production 606 $44,679.00 177 $31,964.00
Transportation and Material Moving 649 $30,292.00 60 $19,833.00

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 11,010 households in 40505, with an average household size of 2.37 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 6,087 families living in the 40505 zip code with an average family size of 3.09 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 40505:

Married Male Female Nonfamily
Total Households 3,730 733 1,624 4,923
Average Household Size 3.21 3.11 3.46 1.26
Total Families 3,730 733 1,624 0
Average Household Size 3.15 2.65 3.13 0

Poverty

Of the 6,087 families living in 40505, 17.20% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 40505:

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 11,933 housing units in 40505.

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

Total Percentage
Occupied 11,010 92.27%
Vacant 923 7.73%

35.12% of the total 11,933 housing units in 40505 are rental units. This is approximately 4,191 properties.

For owner-occupied housing units, a total of 6,614 are occupied by the owner - or 55.43% of the total.

Rental Rates

The median rent for a property in 40505 is $835.00.

In the chart below, we can look at the number of rental properties in 40505 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
    205
  • Less than $500
    346
  • $500 to $999
    2,430
  • $1,000 to $1,499
    1,208
  • $1,500 to $1,999
    191
  • $2,000 to $2,499
    16
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 40505 is $133,700.00.

Just like with rental rates, we can look at the number of properties in 40505 that fall into a particular value range.

  • Less than $50,000
    174
  • $50,000 to $99,999
    1,072
  • $100,000 to $149,999
    2,917
  • $150,000 to $199,999
    1,425
  • $200,000 to $299,999
    669
  • $300,000 to $499,999
    205
  • $500,000 to $999,999
    100
  • $1,000,000 or more
    52

Property Age

We can also look at the age of properties in 40505. The chart below shows the number of properties in 40505 that fall into a particular age range.

  • 1939 or earlier
    1,284
  • 1940 to 1949
    1,068
  • 1950 to 1959
    2,067
  • 1960 to 1969
    4,074
  • 1970 to 1979
    1,539
  • 1980 to 1989
    609
  • 1990 to 1999
    543
  • 2000 to 2009
    541
  • 2010 to 2013
    208
  • 2014 or later
    0

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 40505 that have a particular number of vehicles available.

  • No vehicles available
    1,281
  • 1 vehicle available
    3,678
  • 2 vehicles available
    4,231
  • 3 or more vehicles available
    1,820

Commuting to Work

In this section, we can also look at how people in 40505 get to work. The chart below shows the number of people in 40505 that commute to work in a particular way.

20.7 minutes is the average travel time to work for people in 40505.

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
    327
  • 5 to 9 minutes
    1,246
  • 10 to 14 minutes
    2,165
  • 15 to 19 minutes
    2,996
  • 20 to 24 minutes
    1,900
  • 25 to 29 minutes
    730
  • 30 to 34 minutes
    1,382
  • 35 to 39 minutes
    185
  • 40 to 44 minutes
    218
  • 45 to 59 minutes
    150
  • 60 to 89 minutes
    329
  • 90 or more minutes
    223

Summary

We've covered a LOT of demographic and population data for 40505 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 40505

If you want to see how the population and demographics of 40505 compare to other zip codes in Kentucky, check out the list of all Kentucky zip codes below: