40403 Map

40403 Income Statistics

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Comparison to Surrounding Areas

40403 Median Household Income

The median household income ($60,105) for 40403 is less than the median household income for 40461 ($70,234), 40475 ($62,731), Garrard County ($62,572), and Madison County ($62,407). But it's more than 40456 ($46,879), 40404 ($-1), 40419 ($53,078), 40447 ($28,795), 40336 ($45,060), 40385 ($58,092), Rockcastle County ($48,367), Berea city ($56,484), and Richmond city ($48,223).

40403$60,105
Berea city$56,484
Richmond city$48,223
Garrard County$62,572
Madison County$62,407
Rockcastle County$48,367

40403 Average Household Income

The average household income ($76,295) for 40403 is less than the average household income for 40461 ($91,658), 40475 ($84,499), Garrard County ($78,139), and Madison County ($82,086). But it's more than 40456 ($68,621), 40404 ($-1), 40419 ($67,425), 40447 ($47,657), 40336 ($58,529), 40385 ($67,821), Rockcastle County ($67,845), Berea city ($70,261), and Richmond city ($66,866).

40403$76,295
Berea city$70,261
Richmond city$66,866
Garrard County$78,139
Madison County$82,086
Rockcastle County$67,845

40403 Per-Capita Income

The per-capita income for 40403 is $29,333. The per capita income ($29,333) for 40403 is less than the per capita income for 40456 ($29,948), 40461 ($35,817), 40475 ($34,176), Garrard County ($30,619), and Madison County ($32,382). But it's more than 40447 ($19,936), 40385 ($25,623), 40404 ($5,420), 40419 ($22,323), 40336 ($24,400), Rockcastle County ($28,133), Berea city ($26,622), and Richmond city ($28,500).

40403$29,333
Berea city$26,622
Richmond city$28,500
Garrard County$30,619
Madison County$32,382
Rockcastle County$28,133

40403 High Income Households

3.8% of households make over $200,000 a year. The percent high income households (3.8%) for 40403 is less than the percent high income households for 40461 (9.2%), 40475 (6.6%), Garrard County (4.4%), and Madison County (5.8%). But it's more than 40456 (3.5%), 40419 (3.2%), 40447 (0.4%), 40336 (2.1%), 40385 (2.6%), 40404 (-1.0%), Richmond city (3.6%), and Berea city (2.9%). And it's the same as Rockcastle County (3.8%).

404033.8%
Berea city2.9%
Richmond city3.6%
Garrard County4.4%
Madison County5.8%
Rockcastle County3.8%

40403 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40403$60,313$68,125$66,417$43,302
Berea city$59,425$64,293$51,586$50,564
Richmond city$37,080$57,010$63,862$42,470
Garrard County$21,438$79,178$69,991$40,104
Madison County$44,716$74,758$77,761$52,169
Rockcastle County$32,670$74,826$57,542$29,288

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2023 5-year estimates. You can find this information and other demographics for 40403 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above income data are:

Median Household Income Average Household Income Per Capita Income High Income Households Median Household Income by Age of Householder
under 25 25 to 44 45 to 64 65+
40403+/-$4,102+/-$5,854+/-$2,046+/-1.2%+/-$2,449+/-$10,111+/-$7,907+/-$4,106
Berea city+/-$6,304+/-$7,876+/-$2,787+/-1.3%+/-$3,610+/-$8,349+/-$8,242+/-$9,394
Richmond city+/-$2,470+/-$3,806+/-$1,558+/-1.0%+/-$4,533+/-$9,320+/-$9,787+/-$6,487
Garrard County+/-$6,691+/-$5,839+/-$2,094+/-1.8%+/-$4,115+/-$4,236+/-$5,485+/-$10,970
Madison County+/-$2,629+/-$2,889+/-$1,112+/-1.0%+/-$5,433+/-$5,215+/-$7,365+/-$5,634
Rockcastle County+/-$4,276+/-$7,129+/-$2,777+/-1.3%+/-$4,037+/-$16,464+/-$8,135+/-$6,682