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48240 Map

48240 Income Statistics

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Comparison to Surrounding Areas

48240 Median Household Income

The median household income ($60,185) for 48240 is less than the median household income for 48152 ($83,074), 48154 ($99,426), 48239 ($67,570), 48336 ($87,165), and Redford charter township ($66,484). But it's more than 48033 ($54,307), 48219 ($41,312), Wayne County ($57,223), and Detroit city ($37,761).

48240$60,185
Redford charter township$66,484
Detroit city$37,761
Wayne County$57,223

48240 Average Household Income

The average household income ($71,184) for 48240 is less than the average household income for 48152 ($107,848), 48239 ($81,247), 48336 ($106,680), 48033 ($73,593), 48154 ($116,405), Wayne County ($81,036), and Redford charter township ($79,355). But it's more than 48219 ($53,554) and Detroit city ($54,054).

48240$71,184
Redford charter township$79,355
Detroit city$54,054
Wayne County$81,036

48240 Per-Capita Income

The per-capita income for 48240 is $29,285. The per capita income ($29,285) for 48240 is less than the per capita income for 48152 ($45,245), 48239 ($32,089), 48336 ($46,100), 48033 ($35,240), 48154 ($47,264), Wayne County ($32,643), and Redford charter township ($31,567). But it's more than 48219 ($23,244) and Detroit city ($22,861).

48240$29,285
Redford charter township$31,567
Detroit city$22,861
Wayne County$32,643

48240 High Income Households

1.8% of households make over $200,000 a year. The percent high income households (1.8%) for 48240 is more than 48336 (11.7%), 48154 (11.0%), 48219 (1.7%), 48239 (4.9%), 48033 (4.3%), 48152 (11.7%), Wayne County (6.7%), Redford charter township (3.9%), and Detroit city (2.4%).

482401.8%
Redford charter township3.9%
Detroit city2.4%
Wayne County6.7%

48240 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
48240$70,172$60,897$65,621$41,413
Redford charter township$55,147$70,144$74,755$43,772
Detroit city$29,740$39,657$38,733$35,596
Wayne County$34,228$59,915$68,453$46,160

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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 48240 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+
48240+/-$3,989+/-$5,622+/-$2,252+/-1.0%+/-$36,120+/-$8,211+/-$6,189+/-$4,694
Redford charter township+/-$2,745+/-$3,462+/-$1,300+/-1.0%+/-$35,978+/-$4,517+/-$5,018+/-$6,053
Detroit city+/-$820+/-$1,023+/-$410+/-0.2%+/-$4,971+/-$1,348+/-$1,483+/-$1,444
Wayne County+/-$563+/-$771+/-$293+/-0.2%+/-$2,055+/-$1,132+/-$1,081+/-$832