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01940 Map

01940 Income Statistics

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Comparison to Surrounding Areas

01940 Median Household Income

The median household income ($157,955) for 01940 is less than the median household income for 01949 ($168,245) and Lynnfield town ($160,931). But it's more than 01906 ($96,064), 01864 ($141,442), 01867 ($154,505), 01880 ($125,707), 01904 ($94,809), 01960 ($91,032), Essex County ($94,378), and Peabody city ($91,125).

01940$157,955
Lynnfield town$160,931
Peabody city$91,125
Essex County$94,378

01940 Average Household Income

The average household income ($201,485) for 01940 is less than the average household income for Lynnfield town ($203,022). But it's more than 01906 ($118,431), 01864 ($194,412), 01867 ($176,156), 01880 ($159,958), 01904 ($116,041), 01949 ($197,524), 01960 ($115,087), Essex County ($130,777), and Peabody city ($115,191).

01940$201,485
Lynnfield town$203,022
Peabody city$115,191
Essex County$130,777

01940 Per-Capita Income

The per-capita income for 01940 is $73,591. The per capita income ($73,591) for 01940 is less than the per capita income for 01864 ($74,826). But it's more than 01906 ($46,357), 01949 ($65,848), 01960 ($48,337), 01867 ($66,690), 01880 ($65,037), 01904 ($41,784), Essex County ($50,932), Lynnfield town ($73,239), and Peabody city ($48,490).

01940$73,591
Lynnfield town$73,239
Peabody city$48,490
Essex County$50,932

01940 High Income Households

36.7% of households make over $200,000 a year. The percent high income households (36.7%) for 01940 is more than 01906 (14.1%), 01960 (13.6%), 01864 (30.4%), 01867 (34.3%), 01880 (25.7%), 01904 (14.7%), 01949 (36.3%), Essex County (18.4%), Lynnfield town (37.2%), and Peabody city (13.6%).

0194036.7%
Lynnfield town37.2%
Peabody city13.6%
Essex County18.4%

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$189,583$183,650$83,060
Lynnfield town$-1$191,641$184,350$81,125
Peabody city$46,106$112,817$111,250$55,780
Essex County$58,397$101,819$118,704$60,991

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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 01940 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+
01940+/-$29,416+/-$22,551+/-$7,157+/-6.2%+/-$-1+/-$42,440+/-$49,849+/-$27,105
Lynnfield town+/-$28,395+/-$23,057+/-$7,247+/-6.3%+/-$-1+/-$45,783+/-$54,749+/-$29,752
Peabody city+/-$2,476+/-$6,455+/-$2,684+/-2.0%+/-$38,193+/-$7,021+/-$5,626+/-$6,979
Essex County+/-$1,325+/-$1,994+/-$734+/-0.6%+/-$5,232+/-$3,037+/-$2,379+/-$2,194