38040 Map

38040 Income Statistics

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Comparison to Surrounding Areas

38040 Median Household Income

The median household income ($52,119) for 38040 is less than the median household income for 38024 ($54,303), 38030 ($57,393), 72315 ($54,297), Crockett County ($59,049), and Dyer County ($54,973). But it's more than 38012 ($41,485), 38037 ($45,948), 38063 ($48,578), 38001 ($49,911), 38034 ($48,875), Lauderdale County ($49,205), and Halls town ($40,735).

38040$52,119
Halls town$40,735
Crockett County$59,049
Dyer County$54,973
Lauderdale County$49,205

38040 Average Household Income

The average household income ($69,307) for 38040 is less than the average household income for 38024 ($98,806), 38034 ($72,122), 72315 ($76,635), 38001 ($69,418), 38030 ($82,174), Dyer County ($89,280), and Crockett County ($79,436). But it's more than 38012 ($55,888), 38037 ($54,432), 38063 ($67,614), Lauderdale County ($66,056), and Halls town ($55,377).

38040$69,307
Halls town$55,377
Crockett County$79,436
Dyer County$89,280
Lauderdale County$66,056

38040 Per-Capita Income

The per-capita income for 38040 is $31,227. The per capita income ($31,227) for 38040 is less than the per capita income for 38024 ($42,024), 38030 ($51,958), 38034 ($31,420), Crockett County ($32,495), and Dyer County ($37,628). But it's more than 38012 ($23,938), 38063 ($26,963), 72315 ($31,099), 38001 ($29,744), 38037 ($21,057), Lauderdale County ($25,716), and Halls town ($26,799).

38040$31,227
Halls town$26,799
Crockett County$32,495
Dyer County$37,628
Lauderdale County$25,716

38040 High Income Households

1.6% of households make over $200,000 a year. The percent high income households (1.6%) for 38040 is less than the percent high income households for 72315 (6.9%), 38024 (7.1%), 38034 (3.5%), 38063 (4.8%), 38001 (2.7%), 38012 (2.6%), Dyer County (5.5%), Lauderdale County (3.3%), and Crockett County (3.4%). But it's more than 38030 (0.0%), 38037 (0.0%), and Halls town (0.0%).

380401.6%
Halls town0.0%
Crockett County3.4%
Dyer County5.5%
Lauderdale County3.3%

38040 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
38040$42,974$58,750$59,509$49,250
Halls town$-1$37,198$49,750$24,440
Crockett County$44,423$54,967$85,148$42,857
Dyer County$51,556$57,630$60,536$43,921
Lauderdale County$38,750$54,429$56,568$37,950

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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 38040 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+
38040+/-$9,838+/-$13,202+/-$5,956+/-1.5%+/-$20,306+/-$29,546+/-$15,540+/-$16,350
Halls town+/-$12,858+/-$9,283+/-$4,227+/-4.4%+/-$-1+/-$23,999+/-$20,641+/-$15,628
Crockett County+/-$5,027+/-$8,482+/-$3,292+/-1.5%+/-$15,800+/-$13,576+/-$14,359+/-$10,615
Dyer County+/-$2,303+/-$22,139+/-$8,178+/-1.5%+/-$13,970+/-$3,009+/-$7,550+/-$3,794
Lauderdale County+/-$3,388+/-$4,337+/-$1,777+/-1.5%+/-$11,532+/-$8,721+/-$8,064+/-$3,805