40515 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 40515, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

40515 is a zip code in Clark County, Fayette County, and Jessamine County, Kentucky, which covers Ford-Boonesborough CCD, Lexington-Fayette Southeast CCD, Lexington-Fayette Southwest CCD, and Nicholasville, with a total population of 36,251 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 40515 zip code. The most basic data is the total population, which is the total number of people living in 40515.

The estimated population of people living in 40515 is 36,251, with a median age of 37.2.

We can look back at data from previous years to see how the population in the 40515 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
36,251
 -0.87% +1.15%
2020
36,569
+2.23%
-
2019
35,772
 -2.36% -
2018
36,637
+2.23%
-
2017
35,839
 - -

Population of 40515 by Race and Ethnicity

How much has the race and ethnicity of the population in the 40515 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
77.2%
81.9%
 -5.74%
Black/African American
6.6%
7.1%
 -7.04%
Native
0.1%
0.1%
 0.00%
Hispanic
7%
4.1%
 +70.73%
Asian
4.5%
3.9%
 +15.38%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
4.2%
2.8%
 +50.00%
Other
0.3%
0.1%
 +200.00%

This data can be very important for anybody studying the 40515 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 40515 by Age and Gender

We can also monitor the change of the age and gender in the 40515 zip code to track track trends in the population over time.

We can see how the population in 40515 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 37.2 0% 37.1 0% 37.3 +0.27%
2020 37.2 -1.33% 37.1 -0.54% 37.2 -1.85%
2019 37.7 +1.34% 37.3 +1.91% 37.9 +0.8%
2018 37.2 -0.53% 36.6 -0.27% 37.6 -0.53%
2017 37.4 - 36.7 - 37.8 -

The median age of the 40515 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 40515 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 2,292 -9.23% 1,987 +10.74% 2,079 2,198
10 to 19 2,301 -5.35% 1,994 +31.05% 2,175 2,625
20 to 29 2,657 -6.49% 3,105 -9.57% 2,487 2,808
30 to 39 2,292 +18.9% 2,620 -1.08% 2,738 2,577
40 to 49 2,473 +1.13% 2,639 -9.63% 2,489 2,380
50 to 59 2,364 -0.0099999999999998% 2,820 -13.53% 2,348 2,450
60 to 69 1,928 +4.28% 1,888 +29.99% 2,011 2,518
70+ 1,004 +2.77% 1,475 -8.34% 1,019 1,349

Median Household Income

The latest median household income for the 40515 zip code is $79,401.00.

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 40515.

  • Under 25
    $29,698.00
  • 25 to 44
    $83,134.00
  • 45 to 64
    $104,583.00
  • 65 and over
    $61,631.00

Average Household Income

Whenever we ask what is the average household income in the 40515 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 40515, 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 40515 is currently $108,723.00.

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.

10.54% of households in 40515 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 40515 against other zip codes.

  • Less than $24,999
    10.02%
  • $25,000 to $49,999
    18.95%
  • $50,000 to $74,999
    17.44%
  • $75,000 to $99,999
    15.26%
  • $100,000 to $149,999
    18.50%
  • $150,000 to $199,999
    9.29%
  • $200,000 or more
    10.54%

Per Capita Income

The per capita income in 40515 is $44,079.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 40515 by the total population of 40515.

This is different from the average or mean income because it includes and accounts for all people living in the 40515 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 40515 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
    24.50%
  • Bachelor's degree
    47.78%
  • Some college or associate's degree
    8.33%
  • High school diploma or equivalent
    18.34%
  • Less than high school diploma
    1.05%

Employment

Employment rates are all based around the total population in 40515 that are over the age of 16.

Currently, the total population of the 40515 zip over the age of 16 is 29,043.

Of those people, a total of 72.60% 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 40515 is 69.90%.

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 40515 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 1,869 40.90% 22.10%
20 to 24 years 2,439 84.30% 3.20%
25 to 29 years 2,856 87.60% 1.40%
30 to 34 years 2,731 90.00% 2.50%
35 to 44 years 5,065 91.80% 3.20%
45 to 54 years 4,831 88.20% 4.10%
55 to 59 years 2,355 79.30% 2.50%
60 to 64 years 2,319 50.20% 3.70%
65 to 74 years 3,367 38.30% 2.70%
75 years and over 1,211 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 40515. 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 24,347 71.80% 3.70%
Black or African American 1,920 78.80% 4.70%
American Indian and Alaska Native 24 58.30% 14.30%
Asian 1,179 73.40% 1.50%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 622 87.90% 2.40%
Two or more races 951 70.00% 6.00%
Hispanic or Latino 1,618 72.10% 2.50%
Not Hispanic or Latino 23,637 72.10% 3.70%

Occupations

In this section we can look at the most common occupations for people living in the 40515 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 40515 is 20,299, with median earnings of $42,388.00.

Women in 40515 are earning approximately 78.40% of the men's earnings.

Population Earnings
Total 20,299 $42,388.00
Male 10,601 $47,062.00
Female 9,698 $36,903.00

Occupations by Category

In the table below, we can break down the population and earnings for 40515 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 2,207 $74,922.00
Business and Financial 1,093 $49,866.00
Computer and Mathematical 803 $73,558.00
Architecture and Engineering 871 $104,464.00
Life, Physical, and Social Science 245 $75,750.00
Community and Social Service 501 $34,215.00
Legal 315 $66,989.00
Educational and Library 1,954 $38,507.00
Arts, Design, Entertainment, Sports, and Media 445 $27,330.00
Healthcare Practitioners 1,878 $66,700.00
Healthcare Support 389 $23,727.00
Firefighters and Protective Service 84 $2,500.00
Law Enforcement 118 $54,412.00
Food Preparation and Serving 1,197 $16,318.00
Building and Grounds Cleaning 459 $26,250.00
Personal Care and Service 359 $22,068.00
Sales 2,589 $41,607.00
Office and Administrative Support 2,270 $33,419.00
Farming, Fishing, and Forestry 93 $27,917.00
Construction and Extraction 520 $41,591.00
Installation, Maintenance, and Repair 396 $42,750.00
Production 633 $37,309.00
Transportation and Material Moving 460 $40,100.00

Occupations by Gender

Now we can also look at the occupations by category for 40515 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 40515.

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 1,350 $85,000.00 857 $63,250.00
Business and Financial 486 $43,621.00 607 $57,043.00
Computer and Mathematical 700 $81,250.00 103 $71,648.00
Architecture and Engineering 731 $107,218.00 140 $18,750.00
Life, Physical, and Social Science 64 $83,750.00 181 $65,234.00
Community and Social Service 194 $31,752.00 307 $38,021.00
Legal 119 $68,875.00 196 $65,714.00
Educational and Library 577 $39,276.00 1,377 $37,973.00
Arts, Design, Entertainment, Sports, and Media 298 $21,786.00 147 $32,546.00
Healthcare Practitioners 622 $125,313.00 1,256 $57,614.00
Healthcare Support 39 $25,368.00 350 $23,668.00
Firefighters and Protective Service 68 $2,857.00 16 $2,499.00
Law Enforcement 89 $54,154.00 29 $61,250.00
Food Preparation and Serving 533 $18,209.00 664 $14,737.00
Building and Grounds Cleaning 410 $26,909.00 49 $6,367.00
Personal Care and Service 145 $36,964.00 214 $20,074.00
Sales 1,375 $50,699.00 1,214 $29,338.00
Office and Administrative Support 650 $31,377.00 1,620 $34,147.00
Farming, Fishing, and Forestry 75 $28,194.00 18 $0.00
Construction and Extraction 520 $41,591.00 0 $0.00
Installation, Maintenance, and Repair 382 $43,188.00 14 $0.00
Production 406 $43,654.00 227 $33,144.00
Transportation and Material Moving 425 $40,975.00 35 $17,083.00

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 14,686 households in 40515, with an average household size of 2.46 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 9,843 families living in the 40515 zip code with an average family size of 2.97 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 40515:

Married Male Female Nonfamily
Total Households 8,161 379 1,303 4,843
Average Household Size 2.96 2.68 3.67 1.27
Total Families 8,161 379 1,303 0
Average Household Size 2.94 2.44 3.33 0

Poverty

Of the 9,843 families living in 40515, 3.90% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 40515:

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 15,583 housing units in 40515.

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

Total Percentage
Occupied 14,686 94.24%
Vacant 897 5.76%

34.49% of the total 15,583 housing units in 40515 are rental units. This is approximately 5,374 properties.

For owner-occupied housing units, a total of 9,133 are occupied by the owner - or 58.61% of the total.

Rental Rates

The median rent for a property in 40515 is $1,105.00.

In the chart below, we can look at the number of rental properties in 40515 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
    179
  • Less than $500
    9
  • $500 to $999
    1,813
  • $1,000 to $1,499
    2,720
  • $1,500 to $1,999
    433
  • $2,000 to $2,499
    322
  • $2,500 to $2,999
    0
  • $3,000 or more
    77

Property Value

The median value of a property in 40515 is $247,900.00.

Just like with rental rates, we can look at the number of properties in 40515 that fall into a particular value range.

  • Less than $50,000
    96
  • $50,000 to $99,999
    186
  • $100,000 to $149,999
    1,170
  • $150,000 to $199,999
    1,566
  • $200,000 to $299,999
    3,201
  • $300,000 to $499,999
    2,240
  • $500,000 to $999,999
    552
  • $1,000,000 or more
    122

Property Age

We can also look at the age of properties in 40515. The chart below shows the number of properties in 40515 that fall into a particular age range.

  • 1939 or earlier
    354
  • 1940 to 1949
    17
  • 1950 to 1959
    196
  • 1960 to 1969
    369
  • 1970 to 1979
    2,650
  • 1980 to 1989
    4,411
  • 1990 to 1999
    3,646
  • 2000 to 2009
    2,447
  • 2010 to 2013
    1,481
  • 2014 or later
    12

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 40515 that have a particular number of vehicles available.

  • No vehicles available
    404
  • 1 vehicle available
    3,872
  • 2 vehicles available
    7,385
  • 3 or more vehicles available
    3,025

Commuting to Work

In this section, we can also look at how people in 40515 get to work. The chart below shows the number of people in 40515 that commute to work in a particular way.

22.9 minutes is the average travel time to work for people in 40515.

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
    332
  • 5 to 9 minutes
    1,107
  • 10 to 14 minutes
    2,083
  • 15 to 19 minutes
    3,511
  • 20 to 24 minutes
    4,396
  • 25 to 29 minutes
    1,611
  • 30 to 34 minutes
    2,488
  • 35 to 39 minutes
    408
  • 40 to 44 minutes
    420
  • 45 to 59 minutes
    637
  • 60 to 89 minutes
    379
  • 90 or more minutes
    278

Summary

We've covered a LOT of demographic and population data for 40515 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 40515

If you want to see how the population and demographics of 40515 compare to other zip codes in Kentucky, check out the list of all Kentucky zip codes below: