38040 Income Statistics

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Comparison to Surrounding Areas

38040 Median Household Income

The median household income ($46,554) for 38040 is less than the median household income for 72315 ($47,305), 38030 ($94,934), 38034 ($55,321), 38063 ($46,929), 38001 ($51,154), 38024 ($52,475), Dyer County ($53,150), Lauderdale County ($46,702), and Crockett County ($59,136). But it's more than 38012 ($41,702), 38037 ($39,625), and Halls town ($40,375).

38040	$46,554
Halls town	$40,375
Crockett County	$59,136
Dyer County	$53,150
Lauderdale County	$46,702

38040 Average Household Income

The average household income ($62,495) for 38040 is less than the average household income for 72315 ($71,323), 38034 ($74,963), 38063 ($63,006), 38001 ($68,896), 38024 ($104,685), 38030 ($99,711), Dyer County ($92,632), and Crockett County ($75,827). But it's more than 38012 ($57,059), 38037 ($53,654), Lauderdale County ($61,805), and Halls town ($52,720).

38040	$62,495
Halls town	$52,720
Crockett County	$75,827
Dyer County	$92,632
Lauderdale County	$61,805

38040 Per-Capita Income

The per-capita income for 38040 is $27,648. The per capita income ($27,648) for 38040 is less than the per capita income for 38024 ($41,817), 38034 ($32,946), 72315 ($28,240), 38001 ($28,973), 38030 ($38,025), Dyer County ($37,415), and Crockett County ($30,362). But it's more than 38012 ($24,699), 38037 ($21,334), 38063 ($26,141), Lauderdale County ($24,358), and Halls town ($25,850).

38040	$27,648
Halls town	$25,850
Crockett County	$30,362
Dyer County	$37,415
Lauderdale County	$24,358

38040 High Income Households

1.1% of households make over $200,000 a year. The percent high income households (1.1%) for 38040 is more than 72315 (6.1%), 38030 (0.0%), 38034 (3.8%), 38037 (0.0%), 38063 (4.1%), 38001 (2.3%), 38012 (2.2%), 38024 (7.1%), Dyer County (5.4%), Lauderdale County (2.8%), Crockett County (2.8%), and Halls town (0.0%).

38040	1.1%
Halls town	0.0%
Crockett County	2.8%
Dyer County	5.4%
Lauderdale County	2.8%

38040 Median Household Income by Age of Householder

	under 25 years	25 to 44 years	45 to 64 years	65 years and over
38040	$41,140	$48,452	$46,436	$49,444
Halls town	$-1	$34,443	$46,328	$35,125
Crockett County	$36,615	$58,409	$79,744	$43,852
Dyer County	$54,708	$57,582	$58,864	$42,512
Lauderdale County	$39,934	$52,057	$51,318	$36,995

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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 38040 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
	Median Household Income	Average Household Income	Per Capita Income	High Income Households	under 25	25 to 44	45 to 64	65+
38040	+/-$7,229	+/-$11,049	+/-$4,755	+/-1.2%	+/-$13,586	+/-$31,692	+/-$7,611	+/-$16,846
Halls town	+/-$12,252	+/-$6,572	+/-$3,615	+/-4.7%	+/-$-1	+/-$13,491	+/-$10,803	+/-$16,666
Crockett County	+/-$6,216	+/-$7,019	+/-$2,615	+/-0.8%	+/-$5,014	+/-$13,969	+/-$4,402	+/-$7,050
Dyer County	+/-$2,728	+/-$20,651	+/-$7,444	+/-1.6%	+/-$11,305	+/-$5,248	+/-$9,236	+/-$5,259
Lauderdale County	+/-$2,898	+/-$3,557	+/-$1,425	+/-1.1%	+/-$10,674	+/-$8,242	+/-$4,971	+/-$3,429