40516 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 40516 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateKentucky
CityLexington
Time ZoneAmerica/New_York
Geo Location38.06968, -84.3612
Population2773
Size91.243 square miles
Median Family Income$105455.00
Median Home Value$181600.00

Population & Demographics

The following information lists the population statistics and breakdown for the 40516 zip code. The total population is 2773, of which, 1325 are male and 1448 are female. With a total area of 91.243 square miles, the population density is 36.2 people per square mile. The median age of the population is 40.6 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
20112577
20122504
20132596
20142883
20152979
20162964
20173134
20183364
20193303
20203446
20212773

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 2589.3%
Age 5-928810.4%
Age 10-141666%
Age 15-19812.9%
Age 20-24823
Age 25-292197.9%
Age 30-341324.8%
Age 35-391445.2%
Age 40-44135 4.9%
Age 45-49752.7%
Age 50-542167.8%
Age 55-591716.2%
Age 60-6436013%
Age 65-691294.7%
Age 70-741043.8%
Age 75-79802.9%
Age 80-84481.7%
Age 85 and over853.1%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 3.9 %
  • Speaks Spanish: 3 %
  • Speaks Other Indo-European Language: 0.7 %
  • Speaks Pacific Island Languages: 0.2 %
  • Speak Other Languages: 0 %
Marital Status: 
  • Currently Married: 61.1 %
  • Divorced: 12.6 %
  • Separated (not divorced): 0.6 %
  • Never Married: 19.6 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 40516 zip code is $105455. This is 22.80% greater than the national average. This income places 23.9% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $33469. 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 $10,000.003
$10,000.00 – $14,999.000
$15,000.00 – $24,999.0058
$25,000.00 – $34,999.0030
$35,000.00 – $49,999.0021
$50,000.00 – $74,999.0056
$75,000.00 – $99,999.00156
$100,000.00 – $149,999.00155
$150,000.00 – $199,999,0098
$200,000.00 +99

YearMedian Family Income ($ USD)
201167917
201269432
201370212
201465104
201573920
201673370
201775741
201880500
201979521
202090972
2021105455

Income Source# of Households
Wage or Salary833
Self Employment103
Social Security289
Dividends, Interest, or Rental253
Retirement262
Other154

Total Insured & Uninsured Individuals: 
  • Families Insure: 2630
  • Families Uninsured: 103
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 262
  • No retirement income: 789

Education

In the 40516 zip code, 92.1% of individuals over 25 years old have a high school degree or higher, and 37.6% have a bachelors degree or higher. Additionally, 7.3% of individuals 3 years and older are in private school, and 92.7% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 40516 zip, there are an estimated 1437 people in the labor force, of which, 1415 are employed, and 22 are unemployed. There are a total of 0 people in the armed forces. The average commute time for this zip code is 22.1 minutes. Of the total people that work, 116 worked from home and 1365 commuted. The average number of hours worked is 39.8. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts644
Services189
Sales and Office312
Construction and Maintenance:109
Transportation and Material Moving161





Housing

The median home value for the 40516 zip code is 181600. There is an estimated  1051 number of occupied housing units, the median gross rent in is $1024 per month, and the average monthly housing costs are estimated to be $1093. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00064
$50,000 – $99,00088
$100,000 – $149,999153
$150,000 – $199,999183
$200,000 – $299,999202
$300,000 – $499,99972
$500,000 – $999,99944
$1,000,000+67

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201913
2000 – 2009260
1980 – 1999476
1960 – 1979209
1940 – 195960
1939 or earlier33

The median number of rooms in all housing units is 5.8 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $99950
$1,000 – $1,49947
$1,500 – $1,99911
$2,000 – $2,4990
$2,499 – $2,9990
$3,000 + 0

Monthly Housing Costs ($)Number of Households
Less than 30018
300-499159
500-799128
800-999120
1000-1499370
1500-199970
2000-249940
2500-299920
3000+56

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%311
20%-24.9%134
25%-29.9%37
30%-34.9%12
35+%84



# of VehiclesHouseholds
None35
1256
2385
3+375
Home Heating Characteristics: 
  • Utility Gas: 35.3 %
  • Bottle Tank or LP Gas: 6.9 %
  • Electricity: 57 %
  • Oil or Kerosene etc: 0.9 %
  • Coal or Coke: 0 %
  • All Other: 0 %

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