40508 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 40508, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

40508 is a zip code in Fayette County, Kentucky, which covers Lexington-Fayette Central, with a total population of 26,175 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 40508 zip code. The most basic data is the total population, which is the total number of people living in 40508.

The estimated population of people living in 40508 is 26,175, with a median age of 23.5.

We can look back at data from previous years to see how the population in the 40508 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
26,175
 -0.19% -1.91%
2020
26,226
+1.79%
-
2019
25,766
 -2.3% -
2018
26,372
 -1.18% -
2017
26,686
 - -

Population of 40508 by Race and Ethnicity

How much has the race and ethnicity of the population in the 40508 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
59.9%
59%
 +1.53%
Black/African American
25.1%
26.1%
 -3.83%
Native
0.2%
0%
 0.00%
Hispanic
6.7%
5.5%
 +21.82%
Asian
2.5%
4.4%
 -43.18%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
5%
4.4%
 +13.64%
Other
0.6%
0.5%
 +20.00%

This data can be very important for anybody studying the 40508 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 40508 by Age and Gender

We can also monitor the change of the age and gender in the 40508 zip code to track track trends in the population over time.

We can see how the population in 40508 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 23.5 +2.62% 24.1 +2.55% 23 +4.07%
2020 22.9 0% 23.5 -1.26% 22.1 -0.45%
2019 22.9 0% 23.8 -0.83% 22.2 +0.91%
2018 22.9 +1.33% 24 0% 22 +1.38%
2017 22.6 - 24 - 21.7 -

The median age of the 40508 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 40508 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 1,144 -47.67% 910 -7.3% 667 839
10 to 19 2,464 -0.83% 3,384 +14.57% 2,410 3,896
20 to 29 4,670 +1.86% 5,345 -28.71% 4,736 3,950
30 to 39 1,212 +4.01% 1,310 +3.32% 1,252 1,347
40 to 49 1,041 -38.11% 616 +54.1% 688 1,013
50 to 59 1,077 -12.83% 1,088 -0.83% 941 1,068
60 to 69 959 +20.64% 707 +61% 1,170 1,234
70+ 236 +38.98% 523 +24.19% 312 652

Median Household Income

The latest median household income for the 40508 zip code is $26,924.00.

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 40508.

  • Under 25
    $15,357.00
  • 25 to 44
    $36,598.00
  • 45 to 64
    $34,764.00
  • 65 and over
    $26,495.00

Average Household Income

Whenever we ask what is the average household income in the 40508 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 40508, 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 40508 is currently $47,151.00.

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.

3.08% of households in 40508 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 40508 against other zip codes.

  • Less than $24,999
    47.87%
  • $25,000 to $49,999
    23.57%
  • $50,000 to $74,999
    11.91%
  • $75,000 to $99,999
    6.38%
  • $100,000 to $149,999
    5.88%
  • $150,000 to $199,999
    1.31%
  • $200,000 or more
    3.08%

Per Capita Income

The per capita income in 40508 is $19,998.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 40508 by the total population of 40508.

This is different from the average or mean income because it includes and accounts for all people living in the 40508 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 40508 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
    18.62%
  • Bachelor's degree
    36.00%
  • Some college or associate's degree
    8.74%
  • High school diploma or equivalent
    33.79%
  • Less than high school diploma
    2.85%

Employment

Employment rates are all based around the total population in 40508 that are over the age of 16.

Currently, the total population of the 40508 zip over the age of 16 is 23,428.

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 40508 is 53.70%.

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 40508 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 5,065 39.50% 27.00%
20 to 24 years 6,628 67.10% 7.50%
25 to 29 years 2,058 77.60% 1.30%
30 to 34 years 1,588 94.20% 5.30%
35 to 44 years 1,942 78.50% 5.40%
45 to 54 years 1,628 67.40% 4.30%
55 to 59 years 1,151 58.10% 10.90%
60 to 64 years 1,412 41.00% 0.00%
65 to 74 years 1,294 25.40% 0.00%
75 years and over 662 8.00% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 40508. 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 15,439 59.50% 9.40%
Black or African American 5,522 55.40% 8.50%
American Indian and Alaska Native 85 32.90% 35.70%
Asian 641 69.00% 4.10%
Native Hawaiian and Other Pacific Islander 17 0.00% 0.00%
Other 458 74.50% 0.00%
Two or more races 1,266 58.00% 3.40%
Hispanic or Latino 1,175 59.10% 4.20%
Not Hispanic or Latino 14,898 59.00% 9.60%

Occupations

In this section we can look at the most common occupations for people living in the 40508 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 40508 is 12,592, with median earnings of $20,021.00.

Women in 40508 are earning approximately 58.30% of the men's earnings.

Population Earnings
Total 12,592 $20,021.00
Male 6,031 $24,060.00
Female 6,561 $14,037.00

Occupations by Category

In the table below, we can break down the population and earnings for 40508 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 1,012 $36,776.00
Business and Financial 562 $37,500.00
Computer and Mathematical 261 $32,546.00
Architecture and Engineering 147 $22,292.00
Life, Physical, and Social Science 293 $23,125.00
Community and Social Service 247 $20,288.00
Legal 208 $110,000.00
Educational and Library 1,289 $12,261.00
Arts, Design, Entertainment, Sports, and Media 395 $9,137.00
Healthcare Practitioners 828 $37,692.00
Healthcare Support 283 $12,234.00
Firefighters and Protective Service 170 $18,056.00
Law Enforcement 64 $38,333.00
Food Preparation and Serving 1,322 $8,523.00
Building and Grounds Cleaning 698 $20,592.00
Personal Care and Service 505 $6,162.00
Sales 938 $8,348.00
Office and Administrative Support 1,406 $19,804.00
Farming, Fishing, and Forestry 83 $2,499.00
Construction and Extraction 282 $21,461.00
Installation, Maintenance, and Repair 363 $30,809.00
Production 521 $26,045.00
Transportation and Material Moving 204 $28,536.00

Occupations by Gender

Now we can also look at the occupations by category for 40508 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 40508.

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 734 $37,016.00 278 $34,375.00
Business and Financial 249 $82,604.00 313 $32,083.00
Computer and Mathematical 181 $17,399.00 80 $55,694.00
Architecture and Engineering 88 $20,556.00 59 $30,859.00
Life, Physical, and Social Science 87 $30,729.00 206 $21,711.00
Community and Social Service 79 $36,767.00 168 $16,306.00
Legal 176 $114,688.00 32 $96,731.00
Educational and Library 695 $16,875.00 594 $10,219.00
Arts, Design, Entertainment, Sports, and Media 185 $9,078.00 210 $9,500.00
Healthcare Practitioners 239 $60,724.00 589 $33,177.00
Healthcare Support 46 $11,379.00 237 $17,321.00
Firefighters and Protective Service 115 $18,576.00 55 $11,648.00
Law Enforcement 23 $0.00 41 $27,135.00
Food Preparation and Serving 434 $14,914.00 888 $7,225.00
Building and Grounds Cleaning 259 $22,854.00 439 $20,330.00
Personal Care and Service 121 $7,269.00 384 $5,647.00
Sales 366 $8,688.00 572 $7,500.00
Office and Administrative Support 605 $14,688.00 801 $25,233.00
Farming, Fishing, and Forestry 24 $0.00 59 $0.00
Construction and Extraction 269 $21,250.00 13 $0.00
Installation, Maintenance, and Repair 327 $31,074.00 36 $4,167.00
Production 230 $28,056.00 291 $21,994.00
Transportation and Material Moving 161 $28,661.00 43 $9,327.00

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 10,190 households in 40508, with an average household size of 1.98 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 3,316 families living in the 40508 zip code with an average family size of 2.85 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 40508:

Married Male Female Nonfamily
Total Households 1,662 206 1,448 6,874
Average Household Size 2.93 3.17 2.88 1.52
Total Families 1,662 206 1,448 0
Average Household Size 2.9 2.74 2.8 0

Poverty

Of the 3,316 families living in 40508, 24.30% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 40508:

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 11,804 housing units in 40508.

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

Total Percentage
Occupied 10,190 86.33%
Vacant 1,614 13.67%

59.56% of the total 11,804 housing units in 40508 are rental units. This is approximately 7,031 properties.

For owner-occupied housing units, a total of 2,888 are occupied by the owner - or 24.47% of the total.

Rental Rates

The median rent for a property in 40508 is $800.00.

In the chart below, we can look at the number of rental properties in 40508 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
    271
  • Less than $500
    1,012
  • $500 to $999
    3,773
  • $1,000 to $1,499
    1,603
  • $1,500 to $1,999
    291
  • $2,000 to $2,499
    260
  • $2,500 to $2,999
    92
  • $3,000 or more
    0

Property Value

The median value of a property in 40508 is $139,800.00.

Just like with rental rates, we can look at the number of properties in 40508 that fall into a particular value range.

  • Less than $50,000
    299
  • $50,000 to $99,999
    761
  • $100,000 to $149,999
    470
  • $150,000 to $199,999
    321
  • $200,000 to $299,999
    290
  • $300,000 to $499,999
    507
  • $500,000 to $999,999
    192
  • $1,000,000 or more
    48

Property Age

We can also look at the age of properties in 40508. The chart below shows the number of properties in 40508 that fall into a particular age range.

  • 1939 or earlier
    3,739
  • 1940 to 1949
    668
  • 1950 to 1959
    967
  • 1960 to 1969
    1,008
  • 1970 to 1979
    800
  • 1980 to 1989
    911
  • 1990 to 1999
    792
  • 2000 to 2009
    1,653
  • 2010 to 2013
    1,257
  • 2014 or later
    9

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 40508 that have a particular number of vehicles available.

  • No vehicles available
    1,872
  • 1 vehicle available
    4,333
  • 2 vehicles available
    3,022
  • 3 or more vehicles available
    963

Commuting to Work

In this section, we can also look at how people in 40508 get to work. The chart below shows the number of people in 40508 that commute to work in a particular way.

17.6 minutes is the average travel time to work for people in 40508.

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
    439
  • 5 to 9 minutes
    2,267
  • 10 to 14 minutes
    2,484
  • 15 to 19 minutes
    2,360
  • 20 to 24 minutes
    2,082
  • 25 to 29 minutes
    348
  • 30 to 34 minutes
    725
  • 35 to 39 minutes
    127
  • 40 to 44 minutes
    61
  • 45 to 59 minutes
    223
  • 60 to 89 minutes
    163
  • 90 or more minutes
    275

Summary

We've covered a LOT of demographic and population data for 40508 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 40508

If you want to see how the population and demographics of 40508 compare to other zip codes in Kentucky, check out the list of all Kentucky zip codes below: