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40403 Income Statistics

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Comparison to Surrounding Areas

40403 Median Household Income

The median household income ($57,500) for 40403 is less than the median household income for 40461 ($70,542), 40475 ($60,449), Garrard County ($58,263), and Madison County ($59,797). But it's more than 40456 ($46,510), 40404 ($-1), 40419 ($46,672), 40447 ($31,240), 40336 ($40,711), 40385 ($55,893), Rockcastle County ($45,693), Berea city ($54,481), and Richmond city ($45,457).

40403$57,500
Berea city$54,481
Richmond city$45,457
Garrard County$58,263
Madison County$59,797
Rockcastle County$45,693

40403 Average Household Income

The average household income ($73,941) for 40403 is less than the average household income for 40461 ($87,336), 40475 ($81,975), Garrard County ($79,557), and Madison County ($79,635). But it's more than 40456 ($65,374), 40404 ($-1), 40419 ($59,996), 40447 ($45,348), 40336 ($52,765), 40385 ($64,122), Rockcastle County ($63,530), Berea city ($68,796), and Richmond city ($63,295).

40403$73,941
Berea city$68,796
Richmond city$63,295
Garrard County$79,557
Madison County$79,635
Rockcastle County$63,530

40403 Per-Capita Income

The per-capita income for 40403 is $28,567. The per capita income ($28,567) for 40403 is less than the per capita income for 40456 ($28,869), 40461 ($34,104), 40475 ($32,887), Garrard County ($30,728), and Madison County ($31,290). But it's more than 40447 ($19,330), 40385 ($24,875), 40404 ($4,811), 40419 ($21,238), 40336 ($21,869), Rockcastle County ($26,640), Berea city ($25,747), and Richmond city ($26,787).

40403$28,567
Berea city$25,747
Richmond city$26,787
Garrard County$30,728
Madison County$31,290
Rockcastle County$26,640

40403 High Income Households

2.5% of households make over $200,000 a year. The percent high income households (2.5%) for 40403 is more than 40475 (5.4%), 40404 (-1.0%), 40419 (3.4%), 40447 (1.2%), 40456 (2.7%), 40461 (8.1%), 40336 (1.6%), 40385 (2.6%), Madison County (4.7%), Rockcastle County (3.1%), Garrard County (4.1%), Berea city (2.2%), and Richmond city (2.5%).

404032.5%
Berea city2.2%
Richmond city2.5%
Garrard County4.1%
Madison County4.7%
Rockcastle County3.1%

40403 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
40403$55,375$67,686$63,423$43,147
Berea city$55,104$63,548$49,239$51,186
Richmond city$32,524$50,750$69,246$39,754
Garrard County$34,000$73,477$69,260$39,375
Madison County$37,022$69,834$76,262$52,412
Rockcastle County$30,652$66,649$57,017$27,482

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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 2022 5-year estimates. You can find this information and other demographics for 40403 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 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+/-$3,537+/-$5,842+/-$2,197+/-1.0%+/-$5,637+/-$10,923+/-$7,700+/-$5,936
Berea city+/-$5,109+/-$8,526+/-$2,832+/-1.1%+/-$5,180+/-$11,944+/-$7,803+/-$9,729
Richmond city+/-$1,713+/-$2,705+/-$1,097+/-0.7%+/-$7,555+/-$10,426+/-$8,206+/-$11,903
Garrard County+/-$7,879+/-$6,239+/-$2,184+/-1.8%+/-$8,839+/-$15,368+/-$5,333+/-$10,017
Madison County+/-$2,937+/-$2,700+/-$1,035+/-0.8%+/-$7,524+/-$7,012+/-$5,830+/-$5,706
Rockcastle County+/-$3,648+/-$7,903+/-$3,461+/-1.5%+/-$22,266+/-$14,436+/-$8,310+/-$6,689