01940 Map

01940 Income Statistics

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Comparison to Surrounding Areas

01940 Median Household Income

The median household income ($171,044) for 01940 is less than the median household income for 01949 ($171,458) and Lynnfield town ($172,484). But it's more than 01904 ($100,597), 01867 ($163,407), 01880 ($130,419), 01960 ($95,173), 01864 ($150,820), 01906 ($100,819), Essex County ($99,431), and Peabody city ($95,278).

01940$171,044
Lynnfield town$172,484
Peabody city$95,278
Essex County$99,431

01940 Average Household Income

The average household income ($209,518) for 01940 is less than the average household income for Lynnfield town ($212,267). But it's more than 01904 ($126,400), 01867 ($187,283), 01880 ($163,866), 01960 ($123,525), 01864 ($204,534), 01906 ($120,950), 01949 ($197,473), Essex County ($136,127), and Peabody city ($123,587).

01940$209,518
Lynnfield town$212,267
Peabody city$123,587
Essex County$136,127

01940 Per-Capita Income

The per-capita income for 01940 is $76,804. The per capita income ($76,804) for 01940 is less than the per capita income for 01864 ($77,743). But it's more than 01904 ($44,543), 01949 ($67,877), 01867 ($71,419), 01880 ($67,048), 01960 ($51,337), 01906 ($46,929), Essex County ($53,210), Lynnfield town ($76,408), and Peabody city ($51,534).

01940$76,804
Lynnfield town$76,408
Peabody city$51,534
Essex County$53,210

01940 High Income Households

40.3% of households make over $200,000 a year. The percent high income households (40.3%) for 01940 is less than the percent high income households for Lynnfield town (41.4%). But it's more than 01904 (19.2%), 01867 (39.9%), 01880 (29.1%), 01960 (16.4%), 01864 (33.1%), 01906 (14.4%), 01949 (36.2%), Essex County (20.0%), and Peabody city (16.4%).

0194040.3%
Lynnfield town41.4%
Peabody city16.4%
Essex County20.0%

01940 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
01940$-1$201,983$216,538$86,174
Lynnfield town$-1$220,093$219,539$82,083
Peabody city$-1$117,169$118,400$61,645
Essex County$62,124$106,907$125,742$64,344

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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 01940 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+
01940+/-$23,512+/-$21,648+/-$7,353+/-5.7%+/-$-1+/-$45,341+/-$47,993+/-$26,659
Lynnfield town+/-$21,630+/-$22,423+/-$7,442+/-5.9%+/-$-1+/-$47,834+/-$45,008+/-$25,697
Peabody city+/-$4,344+/-$7,749+/-$3,256+/-2.2%+/-$-1+/-$9,491+/-$7,455+/-$7,880
Essex County+/-$1,893+/-$2,124+/-$745+/-0.5%+/-$6,373+/-$3,826+/-$3,075+/-$2,477