02723 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 02723 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateMassachusetts
CityFall River
Time ZoneAmerica/New_York
Geo Location41.69271, -71.12968
Population16577
Size4.136 square miles
Median Family Income$47143.00
Median Home Value$254600.00

Population & Demographics

The following information lists the population statistics and breakdown for the 02723 zip code. The total population is 16577, of which, 8598 are male and 7979 are female. With a total area of 4.136 square miles, the population density is 3642.5 people per square mile. The median age of the population is 36.1 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201114753
201214799
201314298
201414403
201514333
201614162
201714236
201814279
201915066
202015340
202116577

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 10736.5%
Age 5-97644.6%
Age 10-1410796.5%
Age 15-199876%
Age 20-2412127.3
Age 25-29170710.3%
Age 30-3411486.9%
Age 35-3911356.8%
Age 40-441039 6.3%
Age 45-4911046.7%
Age 50-5410006%
Age 55-5911316.8%
Age 60-649886%
Age 65-697324.4%
Age 70-744692.8%
Age 75-794732.9%
Age 80-843051.8%
Age 85 and over2311.4%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 42.1 %
  • Speaks Spanish: 10 %
  • Speaks Other Indo-European Language: 30.2 %
  • Speaks Pacific Island Languages: 1.5 %
  • Speak Other Languages: 0.3 %
Marital Status: 
  • Currently Married: 34.1 %
  • Divorced: 11.2 %
  • Separated (not divorced): 2 %
  • Never Married: 46.8 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 02723 zip code is $47143. This is -29.65% less than the national average. This income places 23.6% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $26405. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.00382
$10,000.00 – $14,999.00312
$15,000.00 – $24,999.00510
$25,000.00 – $34,999.00637
$35,000.00 – $49,999.00449
$50,000.00 – $74,999.00663
$75,000.00 – $99,999.00372
$100,000.00 – $149,999.00744
$150,000.00 – $199,999,00179
$200,000.00 +104

YearMedian Family Income ($ USD)
201135950
201234416
201334835
201436127
201540642
201639011
201743333
201847269
201948284
202047403
202147143

Income Source# of Households
Wage or Salary5253
Self Employment454
Social Security2181
Dividends, Interest, or Rental967
Retirement1029
Other962

Total Insured & Uninsured Individuals: 
  • Families Insure: 15849
  • Families Uninsured: 728
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1029
  • No retirement income: 6482

Education

In the 02723 zip code, 73.5% of individuals over 25 years old have a high school degree or higher, and 9.9% have a bachelors degree or higher. Additionally, 17.8% of individuals 3 years and older are in private school, and 82.2% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 02723 zip, there are an estimated 8196 people in the labor force, of which, 7572 are employed, and 624 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 22.7 minutes. Of the total people that work, 568 worked from home and 7446 commuted. The average number of hours worked is 38. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts1758
Services1809
Sales and Office1430
Construction and Maintenance:1052
Transportation and Material Moving1523





Housing

The median home value for the 02723 zip code is 254600. There is an estimated  7511 number of occupied housing units, the median gross rent in is $888 per month, and the average monthly housing costs are estimated to be $926. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,000128
$50,000 – $99,000129
$100,000 – $149,99988
$150,000 – $199,999358
$200,000 – $299,999959
$300,000 – $499,999450
$500,000 – $999,999180
$1,000,000+0

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201998
2000 – 2009186
1980 – 19991023
1960 – 1979819
1940 – 19591607
1939 or earlier3778

The median number of rooms in all housing units is 4.9 rooms.
Monthly Rent ($ USD)Number of Units
Less than $500976
$500 – $9992414
$1,000 – $1,4991358
$1,500 – $1,999330
$2,000 – $2,49910
$2,499 – $2,9990
$3,000 + 44

Monthly Housing Costs ($)Number of Households
Less than 300499
300-499812
500-7991599
800-9991391
1000-14991712
1500-1999984
2000-2499363
2500-299920
3000+44

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%589
20%-24.9%264
25%-29.9%69
30%-34.9%69
35+%334



# of VehiclesHouseholds
None1366
13544
21824
3+777
Home Heating Characteristics: 
  • Utility Gas: 82.8 %
  • Bottle Tank or LP Gas: 2.4 %
  • Electricity: 12.4 %
  • Oil or Kerosene etc: 2.1 %
  • Coal or Coke: 0 %
  • All Other: 0.3 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.