23040 Zip Code Population and Demographics

In this article, we'll explore the population statistics for the zip code 23040, including popular demographics data like median age, number of households, household income, gender, employment and unemployment rates, occupations, religion, and more.

23040 is a zip code in Buckingham County and Cumberland County, Virginia, which covers District 2, District 3, District 1, and District 4, with a total population of 3,964 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 23040 zip code. The most basic data is the total population, which is the total number of people living in 23040.

The estimated population of people living in 23040 is 3,964, with a median age of 48.4.

We can look back at data from previous years to see how the population in the 23040 area has changed over the last 5 years.

Year Population Change 5-Year Change
2021
3,964
 -8.94% -12.18%
2020
4,353
 -8.3% -
2019
4,747
+6.82%
-
2018
4,444
 -1.55% -
2017
4,514
 - -

Population of 23040 by Race and Ethnicity

How much has the race and ethnicity of the population in the 23040 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
52.3%
60.7%
 -13.84%
Black/African American
46.3%
36.5%
 +26.85%
Native
0.2%
0%
 0.00%
Hispanic
0%
0%
 0.00%
Asian
0.7%
0%
 0.00%
Hawaiian/Pacific Islander
0%
0%
 0.00%
Two Or More Races
0.4%
2.7%
 -85.19%
Other
0%
0%
 0.00%

This data can be very important for anybody studying the 23040 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 23040 by Age and Gender

We can also monitor the change of the age and gender in the 23040 zip code to track track trends in the population over time.

We can see how the population in 23040 has changed over the last 5 years by median age as a total, and also by male and female.

Year Total Male Female
2021 48.4 +6.61% 51.7 +5.51% 46.1 +18.51%
2020 45.4 +6.82% 49 +3.59% 38.9 +1.57%
2019 42.5 +3.91% 47.3 +6.05% 38.3 +3.79%
2018 40.9 -6.41% 44.6 -0.67% 36.9 -13.79%
2017 43.7 - 44.9 - 42.8 -

The median age of the 23040 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 23040 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 9 201 -110.29% 161 -62.7% 31 53
10 to 19 315 -22.53% 346 -9.38% 236 279
20 to 29 289 -15.1% 270 -42.91% 245 98
30 to 39 114 +24.17% 345 +52.45% 137 563
40 to 49 383 -48.15% 318 -39.15% 220 207
50 to 59 304 -24.01% 434 -22.52% 230 335
60 to 69 327 +28.91% 205 +50.81% 412 318
70+ 188 +91.23% 314 -7.37% 350 250

Median Household Income

The latest median household income for the 23040 zip code is $55,491.00.

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 23040.

  • Under 25
    $0.00
  • 25 to 44
    $37,222.00
  • 45 to 64
    $60,056.00
  • 65 and over
    $58,750.00

Average Household Income

Whenever we ask what is the average household income in the 23040 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 23040, 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 23040 is currently $63,162.00.

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.

0.90% of households in 23040 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 23040 against other zip codes.

  • Less than $24,999
    11.66%
  • $25,000 to $49,999
    34.63%
  • $50,000 to $74,999
    24.04%
  • $75,000 to $99,999
    12.33%
  • $100,000 to $149,999
    16.44%
  • $150,000 to $199,999
    0.00%
  • $200,000 or more
    0.90%

Per Capita Income

The per capita income in 23040 is $29,226.00.

Per capita income is the average income of a person in a given area. It is calculated by dividing the total income of 23040 by the total population of 23040.

This is different from the average or mean income because it includes and accounts for all people living in the 23040 area, including people like children, the elderly, unemployed people, retired people, and more.

Education Levels

We can also look at the education levels in 23040 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
    10.63%
  • Bachelor's degree
    8.02%
  • Some college or associate's degree
    16.86%
  • High school diploma or equivalent
    64.49%
  • Less than high school diploma
    0.00%

Employment

Employment rates are all based around the total population in 23040 that are over the age of 16.

Currently, the total population of the 23040 zip over the age of 16 is 3,529.

Of those people, a total of 66.00% 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 23040 is 63.00%.

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 23040 zip code.

Age Population Participation Unemployment Rate
16 to 19 years 164 0.00% 0.00%
20 to 24 years 183 85.80% 33.80%
25 to 29 years 160 100.00% 0.00%
30 to 34 years 192 86.50% 3.60%
35 to 44 years 606 91.10% 0.00%
45 to 54 years 602 96.50% 2.90%
55 to 59 years 292 100.00% 6.80%
60 to 64 years 435 44.80% 5.10%
65 to 74 years 599 30.60% 0.00%
75 years and over 296 14.90% 0.00%

Employment by Race

Another very interesting employment statistic we can look at is the employment and unemployment rates by race in 23040. 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 1,671 62.10% 6.10%
Black or African American 1,803 70.10% 3.40%
American Indian and Alaska Native 9 0.00% 0.00%
Asian 29 100.00% 0.00%
Native Hawaiian and Other Pacific Islander 0 0.00% 0.00%
Other 0 0.00% 0.00%
Two or more races 17 0.00% 0.00%
Hispanic or Latino 0 0.00% 0.00%
Not Hispanic or Latino 1,671 62.10% 6.10%

Occupations

In this section we can look at the most common occupations for people living in the 23040 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 23040 is 2,224, with median earnings of $31,140.00.

Women in 23040 are earning approximately 100.70% of the men's earnings.

Population Earnings
Total 2,224 $31,140.00
Male 939 $31,021.00
Female 1,285 $31,250.00

Occupations by Category

In the table below, we can break down the population and earnings for 23040 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 98 $51,538.00
Business and Financial 25 $0.00
Computer and Mathematical 26 $119,375.00
Architecture and Engineering 0 $0.00
Life, Physical, and Social Science 0 $0.00
Community and Social Service 31 $0.00
Legal 0 $0.00
Educational and Library 41 $0.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00
Healthcare Practitioners 90 $31,190.00
Healthcare Support 186 $20,682.00
Firefighters and Protective Service 30 $0.00
Law Enforcement 361 $36,414.00
Food Preparation and Serving 38 $7,262.00
Building and Grounds Cleaning 52 $16,293.00
Personal Care and Service 138 $2,499.00
Sales 136 $32,908.00
Office and Administrative Support 300 $27,297.00
Farming, Fishing, and Forestry 16 $0.00
Construction and Extraction 281 $29,039.00
Installation, Maintenance, and Repair 48 $9,375.00
Production 87 $33,036.00
Transportation and Material Moving 180 $23,977.00

Occupations by Gender

Now we can also look at the occupations by category for 23040 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 23040.

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 77 $85,313.00 21 $0.00
Business and Financial 0 $0.00 25 $0.00
Computer and Mathematical 26 $119,375.00 0 $0.00
Architecture and Engineering 0 $0.00 0 $0.00
Life, Physical, and Social Science 0 $0.00 0 $0.00
Community and Social Service 0 $0.00 31 $0.00
Legal 0 $0.00 0 $0.00
Educational and Library 0 $0.00 41 $0.00
Arts, Design, Entertainment, Sports, and Media 0 $0.00 0 $0.00
Healthcare Practitioners 0 $0.00 90 $31,190.00
Healthcare Support 0 $0.00 186 $20,682.00
Firefighters and Protective Service 30 $0.00 0 $0.00
Law Enforcement 47 $0.00 314 $36,157.00
Food Preparation and Serving 0 $0.00 38 $7,262.00
Building and Grounds Cleaning 12 $0.00 40 $15,776.00
Personal Care and Service 30 $0.00 108 $2,499.00
Sales 129 $33,036.00 7 $0.00
Office and Administrative Support 73 $0.00 227 $47,917.00
Farming, Fishing, and Forestry 16 $0.00 0 $0.00
Construction and Extraction 260 $29,316.00 21 $0.00
Installation, Maintenance, and Repair 48 $9,375.00 0 $0.00
Production 48 $25,132.00 39 $65,284.00
Transportation and Material Moving 129 $24,943.00 51 $4,492.00

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 1,776 households in 23040, with an average household size of 2.23 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 1,224 families living in the 23040 zip code with an average family size of 2.64 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 23040:

Married Male Female Nonfamily
Total Households 690 116 418 552
Average Household Size 2.88 2.66 2.29 1.3
Total Families 690 116 418 0
Average Household Size 2.85 2.66 2.29 0

Poverty

Of the 1,224 families living in 23040, 8.60% are considered to be below the poverty threshold.

The table below shows the latest poverty thresholds in 23040:

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 1,995 housing units in 23040.

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

Total Percentage
Occupied 1,776 89.02%
Vacant 219 10.98%

25.46% of the total 1,995 housing units in 23040 are rental units. This is approximately 508 properties.

For owner-occupied housing units, a total of 1,268 are occupied by the owner - or 63.56% of the total.

Rental Rates

The median rent for a property in 23040 is $738.00.

In the chart below, we can look at the number of rental properties in 23040 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
    0
  • Less than $500
    0
  • $500 to $999
    431
  • $1,000 to $1,499
    62
  • $1,500 to $1,999
    15
  • $2,000 to $2,499
    0
  • $2,500 to $2,999
    0
  • $3,000 or more
    0

Property Value

The median value of a property in 23040 is $150,600.00.

Just like with rental rates, we can look at the number of properties in 23040 that fall into a particular value range.

  • Less than $50,000
    158
  • $50,000 to $99,999
    249
  • $100,000 to $149,999
    221
  • $150,000 to $199,999
    347
  • $200,000 to $299,999
    113
  • $300,000 to $499,999
    180
  • $500,000 to $999,999
    0
  • $1,000,000 or more
    0

Property Age

We can also look at the age of properties in 23040. The chart below shows the number of properties in 23040 that fall into a particular age range.

  • 1939 or earlier
    168
  • 1940 to 1949
    76
  • 1950 to 1959
    38
  • 1960 to 1969
    165
  • 1970 to 1979
    323
  • 1980 to 1989
    278
  • 1990 to 1999
    515
  • 2000 to 2009
    339
  • 2010 to 2013
    93
  • 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 23040 that have a particular number of vehicles available.

  • No vehicles available
    26
  • 1 vehicle available
    275
  • 2 vehicles available
    849
  • 3 or more vehicles available
    626

Commuting to Work

In this section, we can also look at how people in 23040 get to work. The chart below shows the number of people in 23040 that commute to work in a particular way.

46.1 minutes is the average travel time to work for people in 23040.

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
    38
  • 5 to 9 minutes
    94
  • 10 to 14 minutes
    98
  • 15 to 19 minutes
    46
  • 20 to 24 minutes
    95
  • 25 to 29 minutes
    106
  • 30 to 34 minutes
    371
  • 35 to 39 minutes
    138
  • 40 to 44 minutes
    16
  • 45 to 59 minutes
    129
  • 60 to 89 minutes
    565
  • 90 or more minutes
    287

Summary

We've covered a LOT of demographic and population data for 23040 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 23040

If you want to see how the population and demographics of 23040 compare to other zip codes in Virginia, check out the list of all Virginia zip codes below: